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Unaudited Quarterly Financial Data (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Unaudited Quarterly Financial Data [Abstract]                      
Net premiums written $ 204,081,000 $ 234,278,000 $ 236,622,000 $ 248,500,000 $ 260,736,000 [1] $ 263,505,000 $ 238,605,000 $ 254,986,000 $ 923,481,000 $ 1,017,832,000 $ 1,064,380,000
Net premiums earned 226,358,000 231,857,000 237,777,000 247,059,000 261,705,000 [1] 266,432,000 242,628,000 262,405,000 943,051,000 1,033,170,000 1,123,835,000
Investment income, net of expenses 21,278,000 20,250,000 20,883,000 18,328,000 21,660,000 [1] 30,394,000 32,178,000 37,408,000 80,739,000 121,640,000 201,270,000
Loss incurred, net 196,055,000 180,189,000 196,274,000 266,208,000 688,636,000 [1] 490,121,000 551,408,000 337,088,000 838,726,000 2,067,253,000 1,714,707,000
Change in premium deficiency reserve (note 10) (8,574,000) (3,813,000) (11,283,000) (1,650,000) (10,351,000) [1] (9,144,000) (27,358,000) (14,183,000) (25,320,000) (61,036,000) (44,150,000)
Underwriting and other operating expenses 46,974,000 47,970,000 47,562,000 50,012,000 51,516,000 [1] 50,678,000 48,910,000 50,343,000 192,518,000 201,447,000  
Interest expense 17,662,000 17,653,000 17,942,000 26,406,000 25,327,000 [1] 24,478,000 24,912,000 24,627,000 79,663,000 99,344,000 103,271,000
Net income (loss) (1,407,000) 12,114,000 12,375,000 (72,930,000) (386,691,000) [1] (246,942,000) (273,891,000) (19,555,000) (49,848,000) (927,079,000) (485,892,000)
Income (loss) per share [Abstract]                      
Basic (in dollars per share) $ 0 [2] $ 0.04 [2] $ 0.04 [2] $ (0.31) [2] $ (1.91) [1],[2] $ (1.22) [2] $ (1.36) [2] $ (0.10) [2] $ (0.16) [2] $ (4.59) [2] $ (2.42)
Diluted (in dollars per share) $ 0 [2] $ 0.04 [2] $ 0.04 [2] $ (0.31) [2] $ (1.91) [1],[2] $ (1.22) [2] $ (1.36) [2] $ (0.10) [2] $ (0.16) [2] $ (4.59) [2] $ (2.42)
Obligations under the disputed policies                   267,000,000  
Increase in loss reserves for the probable settlement agreements                   $ 100,000,000  
[1] The results for the fourth quarter of 2012 include a loss of approximately $267 million related to our settlement with Freddie Mac and approximately $100 million related to our probable rescission settlement agreements. See Note 20 – “Litigation and Contingencies.”
[2] Due to the use of weighted average shares outstanding when calculating earnings per share, the sum of the quarterly per share data may not equal the per share data for the year.