Insurance Reserves (Tables)

3 Months Ended

Mar. 31, 2013

The table set forth below summarizes the insurance reserve activity for the three months ended March 31, 2013 and 2012. The insurance reserve is included as a component of accrued liabilities in the Financial Services section of the accompanying consolidated balance sheets.


	Three Months Ended March 31,
	2013			2012
	(Dollars in thousands)
Balance at beginning of period	$	47,852		$	49,376
Expense provisions		1,527			766
Cash payments		(430	)		(5,418	)

Balance at end of period	$	48,949		$	44,724

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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