Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Measurements [Abstract]

Assets and liabilities at fair value

			Level 1		Level 2		Level 3		Total
December 31, 2014
Fixed maturity securities
	U.S. government and government agency securities		$	63,663	$	7,306	$	-	$	70,969
	Fixed maturity securities of states, municipalities
		and political subdivisions		-		954,708		-		954,708
	Special purpose revenue bonds of states, municipalities
		and political subdivisions		-		2,389,012		-		2,389,012
	Corporate securities			-		1,276,687		148		1,276,835
	Residential mortgage-backed securities			-		821,694		-		821,694
	Commercial mortgage-backed securities			-		611,631		-		611,631
	Asset-backed securities			-		366,827		-		366,827
	Foreign government securities			-		118,692		-		118,692
		Total fixed maturity securities		63,663		6,546,557		148		6,610,368
Equity securities				296,352		-		-		296,352
Short-term investments*				159,297		98,889		-		258,186
Restricted cash and securities				-		2,729		-		2,729
Premium, claims and other receivables				-		56,493		-		56,493
Other assets				18		-		1,306		1,324
	Total assets measured at fair value		$	519,330	$	6,704,668	$	1,454	$	7,225,452
Notes payable*			$	-	$	875,094	$	-	$	875,094
Accounts payable and accrued liabilities – earnout liabilities				-		2,729		8,744		11,473
	Total liabilities measured at fair value		$	-	$	877,823	$	8,744	$	886,567

			Level 1		Level 2		Level 3		Total
December 31, 2013
Fixed maturity securities
	U.S. government and government agency securities		$	84,032	$	8,677	$	-	$	92,709
	Fixed maturity securities of states, municipalities
		and political subdivisions		-		986,486		-		986,486
	Special purpose revenue bonds of states, municipalities
		and political subdivisions		-		2,255,928		9,267		2,265,195
	Corporate securities			-		1,225,088		150		1,225,238
	Residential mortgage-backed securities			-		618,119		-		618,119
	Commercial mortgage-backed securities			-		504,888		-		504,888
	Asset-backed securities			-		182,392		-		182,392
	Foreign government securities			-		147,446		-		147,446
		Total fixed maturity securities		84,032		5,929,024		9,417		6,022,473
Equity securities				517,466		-		-		517,466
Short-term investments*				68,958		109,795		-		178,753
Restricted cash and securities				-		1,853		-		1,853
Premium, claims and other receivables				-		66,515		-		66,515
Other assets				20		-		941		961
	Total assets measured at fair value		$	670,476	$	6,107,187	$	10,358	$	6,788,021
Notes payable*			$	-	$	707,656	$	-	$	707,656
Accounts payable and accrued liabilities – earnout liability				-		1,853		7,259		9,112
	Total liabilities measured at fair value		$	-	$	709,509	$	7,259	$	716,768

Changes in fair value of level 3 assets

									Accounts
									payable
			Fixed						and
			maturity		Other		Total		accrued
			securities		assets		assets		liabilities
Balance at December 31, 2012			$	164	$	349	$	513	$	7,009
Purchases				9,430		-		9,430		-
Gains (losses) reported in:
	Net earnings			54		592		646		(250)
	Other comprehensive loss			(231)		-		(231)		-
		Balance at December 31, 2013		9,417		941		10,358		7,259
Sales or settlements				(9,859)		-		(9,859)		(61)
Increase in earnout liabilities				-		-		-		1,588
Gains (losses) reported in:
	Net earnings			375		365		740		(258)
	Other comprehensive income			215		-		215		-
Transfers out of Level 3				-		-		-		(300)
		Balance at December 31, 2014	$	148	$	1,306	$	1,454	$	8,744