Demutualization of Product Liability Insurer

12 Months Ended

Jun. 30, 2014

Demutualization Of Product Liability Insurer [Abstract]

Demutualization Of Product Liability Insurer [Text Block]

9. Demutualization of Product Liability Insurer

The Company’s product liability insurer, Medmarc Insurance Group, demutualized and was acquired by ProAssurance Corporation on January 1, 2013. As a policyholder of a mutual insurance company, Allied was entitled to receive a portion of the proceeds received by Medmarc. In January 2013 the Company received a cash payment of approximately $516,000 as its share of these proceeds. These proceeds are included in Other Income and Expenses. The Company does not anticipate receiving future proceeds of a material amount.