LIABILITY FOR LOSSES AND SETTLEMENT EXPENSES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation of beginning and ending reserves for losses and settlement expenses [Roll Forward]
Gross reserves at beginning of year	$ 583,096,965	$ 593,300,247	$ 556,140,956
Less re-valuation due to foreign currency exchange rates	(1,569)	(386)	(392,276)
Less ceded reserves at beginning of year	31,389,594	36,842,204	29,062,553
Net reserves at beginning of year	551,708,940	556,458,429	527,470,679
Incurred losses and settlement expenses related to:
Current year	346,072,934	329,120,220	376,073,620
Prior years	(12,785,485)	(25,732,505)	(33,099,183)
Total incurred losses and settlement expenses	333,287,449	303,387,715	342,974,437
Paid losses and settlement expenses related to:
Current year	137,998,060	145,102,723	167,793,377
Prior years	167,268,783	163,034,481	146,193,310
Total paid losses and settlement expenses	305,266,843	308,137,204	313,986,687
Net reserves at end of year	579,729,546	551,708,940	556,458,429
Plus ceded reserves at end of year	30,118,493	31,389,594	36,842,204
Plus re-valuation due to foreign currency exchange rates	332,811	(1,569)	(386)
Gross reserves at end of year	610,180,850	583,096,965	593,300,247
Summary of approximation of the implied favorable development and its impact on earnings [Abstract]
Adjustment for (adverse) favorable development included in the reported development amount that had no impact on earnings	6,526,000	(4,551,000)	1,396,000
Approximation of the implied amount of favorable development that had an impact on earnings	(6,259,485)	(30,283,505)	(31,703,183)
Property and casualty insurance [Member]
Incurred losses and settlement expenses related to:
Prior years	7,281,009	13,056,836	20,162,952
Percentage change in loss and settlement expense reserves for prior accident years (in hundredths)	1.80%	3.10%	5.00%
Reinsurance [Member]
Incurred losses and settlement expenses related to:
Prior years	$ 5,504,476	$ 12,675,669	$ 12,936,231
Percentage change in loss and settlement expense reserves for prior accident years (in hundredths)	3.20%	7.30%	8.40%