Litigation, Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Litigation, Commitments and Contingencies [Abstract]

Litigation, Commitments and Contingencies

(9) Litigation, Commitments and Contingencies:

In the ordinary, regular and routine course of their business, the Company and its insurance Subsidiaries are frequently involved in various matters of litigation relating principally to claims for insurance coverage provided.  No currently pending matter is deemed by management to be material to the Company.

In February, 2013, the Company purchased a building in Carmel, Indiana to serve as its future home office.  No external funds were utilized for this purchase.  Rather, short-term investments were and will be liquidated to provide for the purchase and necessary renovations which are expected to be completed in late 2013.  A total of $25 million is expected to be capitalized for the acquisition of the home office building.