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Note 5 - Fair Value of Financial Instruments Fair Value, Option, Quantitative Disclosures (Details) (USD $)
Dec. 31, 2012
contract
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
Consolidated Financial Guaranty Insurance Contracts [Member]
Dec. 31, 2011
Consolidated Financial Guaranty Insurance Contracts [Member]
Dec. 31, 2012
Consolidated Financial Guaranty Insurance Contracts [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
NIMS VIEs [Member]
Dec. 31, 2011
NIMS VIEs [Member]
Dec. 31, 2012
Other investments
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
US States and Political Subdivisions Debt Securities [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
TruPs Collateralized Debt Obligation [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
NIMS derivative assets
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
TruPs Collateralized Debt Obligations and TruPs-Related VIE Liabilitie [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Risk-Based Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
NIMS VIEs [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Corporate collateralized debt obligations (CDO's)[Member]
Base Correlation Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Maximum [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Maximum [Member]
TruPs Collateralized Debt Obligation [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Maximum [Member]
TruPs Collateralized Debt Obligations and TruPs-Related VIE Liabilitie [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Maximum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Risk-Based Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Sep. 30, 2012
Maximum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Risk-Based Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Maximum [Member]
NIMS VIEs [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Maximum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Base Correlation Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Minimum [Member]
Collateralized Debt Obligation of Commercial Mortgage Backed Securities [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Minimum [Member]
TruPs Collateralized Debt Obligation [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Minimum [Member]
TruPs Collateralized Debt Obligations and TruPs-Related VIE Liabilitie [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Minimum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Risk-Based Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Minimum [Member]
NIMS VIEs [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Minimum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Base Correlation Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Weighted Average [Member]
Other investments
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Weighted Average [Member]
US States and Political Subdivisions Debt Securities [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Weighted Average [Member]
TruPs Collateralized Debt Obligation [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Weighted Average [Member]
NIMS derivative assets
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Weighted Average [Member]
TruPs Collateralized Debt Obligations and TruPs-Related VIE Liabilitie [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Weighted Average [Member]
NIMS VIEs [Member]
Discounted Cash Flow Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Weighted Average [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Base Correlation Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Sep. 30, 2012
Less Than [Member]
Minimum [Member]
Non Corporate Collateralized Debt Obligations And Other Derivative Transactions [Member]
Risk-Based Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Sep. 30, 2012
Less Than [Member]
Minimum [Member]
Corporate collateralized debt obligations (CDO's)[Member]
Base Correlation Model Valuation Technique [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
Dec. 31, 2011
Fair Value, Measurements, Recurring
Dec. 31, 2012
Fair Value, Measurements, Recurring
Fair Value, Inputs, Level 3
Dec. 31, 2011
Fair Value, Measurements, Recurring
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
Consolidated Financial Guaranty Insurance Contracts [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2011
Fair Value, Measurements, Recurring
Consolidated Financial Guaranty Insurance Contracts [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2011
Fair Value, Measurements, Recurring
NIMS VIEs [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
Other investments
Dec. 31, 2011
Fair Value, Measurements, Recurring
Other investments
Dec. 31, 2012
Fair Value, Measurements, Recurring
Other investments
Fair Value, Inputs, Level 3
Dec. 31, 2011
Fair Value, Measurements, Recurring
Other investments
Fair Value, Inputs, Level 3
Dec. 31, 2012
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Dec. 31, 2011
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Dec. 31, 2012
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Dec. 31, 2011
Fair Value, Measurements, Recurring
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Inputs, Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]                                                                                                              
Number of Financial Guarantee Insurance Contracts That Require Posting of Collateral 0                                                                                                            
Investments, Fair Value Disclosure                 $ 78,000,000 [1] $ 19,000,000 [1]                                                           $ 5,103,000,000 [2] $ 5,719,900,000 [3] $ 100,700,000 [2] $ 164,200,000 [3]         $ 81,500,000 [4] $ 158,400,000 [5] $ 79,000,000 [4] $ 6,800,000 [5] $ 688,000,000 $ 1,047,500,000 $ 19,000,000 $ 62,500,000
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Discount Rate                                                             1.90% 8.80%                                              
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Expected Loss Rate                                                               19.00%                                              
Derivative Assets 13,609,000 17,212,000   0 0   1,585,000 1,602,000     1,600,000 [1] 1,600,000 [1] 1,600,000 [1]       8,800,000 [1]                                             13,600,000 17,200,000 13,600,000 17,000,000                        
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Correlation Factor                                                                         85.00%                                    
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, CDS Spread Percent                                   9.10% [6] 9.10% [6] 9.10% [6] 9.10% [6]   10.90% [6] 9.10% [6] 8.00% [6] 8.00% [6] 8.00% [6] 8.00% [6] 8.50% [6] 8.00% [6]       8.50%                                          
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Average Credit Spread                                               2.70%                             0.10%                                
Derivative, Expected Remaining Life                                           20 years                               1 year                                  
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Correlation Factor Related to Vintage and Credit Rating                                   85.00%             72.00%                                                            
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Principal Recovery Rate                                                                 65.00%   65.00%                                        
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Principal Recovery Rate Using Distressed Pricing Scenario                                                                 60.00%   60.00%                                        
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, Probability of Paying a Conditional Liquidity Claim                                     36.70% 36.70%           0.80% 0.80%                                                        
Fair Value, Measurement with Unobservable Inputs, Additional Disclosure, NIMS Spread                                                                   44.00%   43.70%                                      
Derivative liabilities 266,873,000 126,006,000 723,579,000 70,467,000 19,501,000           76,300,000 [1]       171,800,000 [1]   6,000,000 [1]                                             266,900,000 126,000,000 266,900,000 126,000,000                        
Derivative Liabilities and Variable Interest Entity, Consolidated, Carrrying Amount, Liabilities                           12,700,000 [1]                                                                                  
VIE debt - at fair value $ 108,858,000 $ 228,240,000 $ 520,114,000 $ 98,983,000 $ 218,790,000 $ 99,000,000 $ 9,875,000 $ 9,450,000               $ 9,900,000 [1]                                               $ 108,900,000 [7] $ 228,200,000 [8] $ 108,900,000 [7] $ 228,200,000 [8] $ 99,000,000 $ 218,800,000 $ 9,900,000 $ 9,400,000                
[1] Excludes certain assets and liabilities for which we do not develop quantitative unobservable inputs. The fair value estimates for these assets and liabilities are developed using third-party pricing information, generally without adjustment.
[2] Does not include fixed-maturities held to maturity ($0.7 million) and certain other invested assets ($48.7 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[3] Does not include fixed-maturities held to maturity ($2.6 million) and other invested assets ($61.0 million), primarily invested in limited partnerships, accounted for as cost-method investments and not measured at fair value.
[4] Comprising TruPs ($0.9 million) and short-term CDs ($1.6 million) included within Level II and lottery annuities ($1.0 million) and a guaranteed investment contract held by a consolidated VIE ($78.0 million) within Level III.
[5] Comprising short-term commercial paper within CPS trusts ($150.0 million) and short-term CDs ($1.6 million ) included within Level II and lottery annuities ($1.6 million) and TruPs held by consolidated VIEs ($5.2 million) included within Level III.
[6] Represents the range of our CDS spread that a typical market participant might use in the valuation analysis based on the remaining term of the investment.
[7] Comprising consolidated debt related to NIMS VIEs ($9.9 million) and amounts related to financial guaranty VIEs ($99.0 million).
[8] Comprising consolidated debt related to NIMS VIEs ($9.4 million) and amounts related to financial guaranty VIEs ($218.8 million).