Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events

Subsequent Events

Note 16.  Subsequent Events

We have evaluated for recognized and nonrecognized subsequent events through the date of financial statement issuance.  With the exception of the below mentioned item, no additional items were identified in this period subsequent to the financial statement date that required adjustment or disclosure.

Our property and casualty insurance operations will likely incur losses arising from or related to Hurricane Sandy.  Given the timing of the event and the limited information available as of the date of financial statement issuance, we are unable to reasonably estimate the amount of losses likely to be incurred.  The underwriting results, net of any applicable reinsurance, of the property and casualty insurance operations accrue to the interest of the subscribers (policyholders) of the Exchange, or noncontrolling interest.