XML 97 R103.htm IDEA: XBRL DOCUMENT v2.4.0.8
Reinsurance (Details 2) (USD $)
12 Months Ended 0 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 31 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Jun. 30, 2013
Michigan Catastrophic Claim Association
Jun. 30, 2014
Michigan Catastrophic Claim Association
Jun. 30, 2013
Michigan Catastrophic Claim Association
Dec. 31, 2013
Michigan Catastrophic Claim Association
Dec. 31, 2012
Michigan Catastrophic Claim Association
May 31, 2014
Florida Hurricane Catastrophe Fund
Dec. 31, 2013
Florida Hurricane Catastrophe Fund
Dec. 31, 2012
Florida Hurricane Catastrophe Fund
Dec. 31, 2011
Florida Hurricane Catastrophe Fund
Dec. 31, 2013
National Flood Insurance Program
Dec. 31, 2012
National Flood Insurance Program
Dec. 31, 2011
National Flood Insurance Program
Jun. 30, 2011
Catastrophe reinsurance
contract
layer
Dec. 31, 2013
Catastrophe reinsurance
Dec. 31, 2012
Catastrophe reinsurance
Dec. 31, 2011
Catastrophe reinsurance
Dec. 31, 2013
Top and drop excess catastrophe reinsurance agreement
Dec. 31, 2013
Top and drop excess catastrophe reinsurance agreement, coverage A
Dec. 31, 2013
Top and drop excess catastrophe reinsurance agreement, coverage B
Dec. 31, 2013
New Jersey Excess Catastrophe Reinsurance agreement
contract
Dec. 31, 2013
New Jersey agreement, contract one
reinstatement
Dec. 31, 2013
New Jersey agreement, contract two
reinstatement
Dec. 31, 2013
New Jersey agreement, contract three
reinstatement
Dec. 31, 2013
Kentucky agreement subject to three limits
limit
Dec. 31, 2013
Kentucky agreement subject to two limits
contract
limit
Dec. 31, 2013
Pennsylvania agreement subject to three limits
limit
Dec. 31, 2013
Pennsylvania agreement subject to two limits
limit
contract
Dec. 31, 2013
Castle Key Insurance Company and its subsidiaries agreements
contract
Dec. 31, 2013
Catastrophe reinsurance, first four layers
contract
layer
Dec. 31, 2013
Catastrophe reinsurance, fifth layer
Dec. 31, 2013
Catastrophe reinsurance, first coverage limit of fifth layer
contract
Dec. 31, 2013
Catastrophe reinsurance, second coverage limit of fifth layer
contract
Dec. 31, 2013
Catastrophe reinsurance, sixth layer
contract
Dec. 31, 2013
PCS excess catastrophe reinsurance agreement
state
contract
reinstatement
Dec. 31, 2013
PCS Class B excess catastrophe reinsurance agreement
Dec. 31, 2013
PCS Class A excess catastrophe reinsurance agreement
Dec. 31, 2013
PCS excess catastrophe reinsurance agreement fifth layer
Dec. 31, 2013
PCS excess catastrophe reinsurance agreement sixth layer
Dec. 31, 2013
Lloyd's of London
Dec. 31, 2012
Lloyd's of London
Dec. 31, 2013
Property-Liability
Dec. 31, 2012
Property-Liability
Dec. 31, 2011
Property-Liability
Dec. 31, 2010
Property-Liability
Dec. 31, 2013
Property-Liability
Westport Insurance Corporation
Dec. 31, 2012
Property-Liability
Westport Insurance Corporation
Dec. 31, 2013
Discontinued Lines and Coverages
Dec. 31, 2012
Discontinued Lines and Coverages
Reinsurance recoverable                                                                                                      
Total amounts recoverable from reinsurers, industry pools or facilities $ 7,621,000,000 $ 8,767,000,000         $ 3,460,000,000 $ 2,590,000,000   $ 0 $ 0   $ 32,000,000 $ 428,000,000                                                       $ 191,000,000 $ 190,000,000 $ 4,750,000,000 $ 4,080,000,000            
Reinsurance recoverables related to losses paid by the Company and billed to reinsurers                                                                                       85,000,000 69,000,000            
Reinsurance recoverables related to ceded unpaid losses                                                                                       4,664,000,000 4,010,000,000 2,588,000,000 2,072,000,000        
Largest reinsurance recoverable from a single reinsurer                                                                                               85,000,000 95,000,000    
Maximum amount due from any single reinsurer not separately disclosed                                                                                       34,000,000 42,000,000            
Allowance for uncollectible reinsurance                                                                                                   92,000,000 87,000,000
Retention level per claim         530,000 500,000                                                                                          
Reduction in accumulated deficit       51,480,000,000                                                                                              
Accumulated deficit 35,580,000,000 33,783,000,000   1,870,000,000   1,870,000,000                                                                                          
Ceded premium earned 1,708,000,000 1,764,000,000 1,848,000,000             16,000,000 18,000,000 27,000,000 316,000,000 311,000,000 312,000,000   471,000,000 531,000,000 531,000,000                                                                
Ceded losses incurred                   0 0 8,000,000 289,000,000 758,000,000 196,000,000                                                                        
Percent of losses in excess of retention level to be reimbursed                 90.00%                                                                                    
Retention level for losses related to 2 largest hurricanes                 72,000,000                                                                                    
Retention level for losses related to other hurricanes                 24,000,000                                                                                    
Maximum Retention level for losses related to hurricanes                 198,000,000                                                                                    
Contracts number                               5             3         1   1   3   3 2 3 2                            
Retention percentage of reinsurance limit                                         6.33% 12.66%   32.00% 32.00% 32.00%   95.00%   95.00%   95.00%   95.00% 63.00% 38.04%       94.00% 84.37%                    
Limit of aggregate losses under aggregate excess agreement                                       250,000,000 500,000,000 250,000,000   400,000,000 400,000,000 400,000,000 25,000,000   100,000,000   535,000,000 1,750,000,000 1,000,000,000 500,000,000 500,000,000 500,000,000   150,000,000 200,000,000                        
Number of separate catastrophe reinsurance agreements coordinating coverage for excess losses for Castle Key                                                             4                                        
Term of catastrophe reinsurance agreement                                       3 years                                                              
Term of catastrophe reinsurance agreement contract one                               1 year                                                                      
Term of catastrophe reinsurance agreement contract two                               2 years                                                                      
Term of catastrophe reinsurance agreement contract three                               3 years                                                                      
Number of layers in which catastrophe reinsurance agreement contracts are placed                               6                                                                      
Number of layers subject to reinstatement in which catastrophe reinsurance agreement contracts are placed                                                               4                                      
Retention amount for catastrophe reinsurance agreement contracts                                         3,250,000,000 750,000,000   134,000,000 154,000,000 150,000,000 5,000,000   100,000,000   25,000,000 500,000,000       3,250,000,000   2,750,000,000 3,250,000,000                        
Number of reinstatements each year for each contract                                               1 1 1                     0                            
Losses otherwise recoverable as per catastrophe reinsurance agreement contracts                                           $ 500,000,000                   $ 250,000,000                                      
Number of states covered by reinsurance agreement                                                                         28                            
Number of limits                                                     3 2 3 2