Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses for Property and Casualty Insurance (Table Text Block)

12 Months Ended

Mar. 31, 2013

Table Text Block [Abstract]

Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses for Property and Casualty Insurance

Activity in the liability for unpaid losses and loss adjustment expenses for our Property and Casualty Insurance operating segment is summarized as follows:

		Years Ended December 31,
		2012		2011		2010
		(In thousands)
Balance at January 1	$	382,328	$	276,355	$	271,677
Less: reinsurance recoverable		223,865		167,315		162,711
Net balance at January 1		158,463		109,040		108,966
Incurred related to:
Current year		8,962		9,297		9,453
Prior years		7,036		56,445		7,832
Total incurred		15,998		65,742		17,285
Paid related to:
Current year		4,405		5,049		4,971
Prior years		16,402		11,270		12,240
Total paid		20,807		16,319		17,211
Net balance at December 31		153,654		158,463		109,040
Plus: reinsurance recoverable		176,439		223,865		167,315
Balance at December 31	$	330,093	$	382,328	$	276,355

The liability for incurred losses and loss adjustment expenses (net of reinsurance recoverable of $176.4 million) decreased by $4.8 million in 2012.