Reserve for Unpaid Losses (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

The table below summarizes the activity related to our reserve for unpaid losses:



	2012		2011			2010
Balance at January 1	$	33,600	$	47,414		$	44,112
Less: reinsurance recoverable on unpaid losses	3,318		23,814			23,447
Net balance at January 1	$	30,282	$	23,600		$	20,665
Incurred related to:
Current year	57,739		43,019			41,527
Prior years	670		(4,158		)	1,006
Total incurred	$	58,409	$	38,861		$	42,533
Paid related to:
Current year	37,906		28,857			27,065
Prior years	17,028		3,322			12,533
Total paid	$	54,934	$	32,179		$	39,598

Net balance at December 31	$	33,757	$	30,282		$	23,600
Plus: reinsurance recoverable on unpaid losses	1,935		3,318			23,814
Balance at December 31	$	35,692	$	33,600		$	47,414

- Definition

Tabular disclosure of the reasons for the change in incurred claims and claim adjustment expenses recognized in the income statement attributable to insured events of prior fiscal years. Also includes disclosures of additional premiums or return premiums accrued as a result of changes in incurred claims and claim adjustment expenses.

+ References+ Details