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Insurance Activity (Tables) | 9 Months Ended
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Sep. 30, 2012
Schedule of Premiums Assumed and Earned | Premiums assumed and earned are as follows for the periods ended September 30, 2012 and 2011 respectively:
|  | Successor |  |  |  |  | Predecessor |  |  | Successor |  |  |  |  | Predecessor |  |  | Predecessor |
|  | Three Months Ended September 30, 2012 |  |  |  |  | Three Months Ended September 30, 2011 |  |  | Period from March 20, 2012 through September 30, 2012 |  |  |  |  | Period from January 1, 2012 through March 19, 2012 |  |  | Nine Months ended September 30, 2011 |
Premiums assumed |  | $ | 4,149 |  |  |  |  | $ | 8,653 |  |  | $ | 10,385 |  |  |  |  | $ | 6,130 |  |  | $ | 26,591 |
Change in unearned premiums |  |  | 45 |  |  |  |  |  | 48 |  |  |  | 96 |  |  |  |  |  | 47 |  |  |  | 166 |
Premiums earned |  | $ | 4,194 |  |  |  |  | $ | 8,701 |  |  | $ | 10,481 |  |  |  |  | $ | 6,177 |  |  | $ | 26,757 |
Components of the Liability for Losses and Loss Adjustment Reserves | The components of the liability for losses and loss adjustment reserves are as follows as of September 30, 2012 and December 31, 2011:
|  | Successor |  |  | Predecessor |
|  | September 30, 2012 |  |  | December 31, 2011 |
Case-basis reserves |  | $ | 108,807 |  |  | $ | 132,970 |
IBNR reserves |  |  | 6,096 |  |  |  | 6,049 |
Premium deficit reserves |  |  | 15,786 |  |  |  | 3,100 |
Total |  | $ | 130,689 |  |  | $ | 142,119 |
Summary of Losses and Adjustment Reserve Activity | Losses and loss adjustment reserve activity are as follows for the nine months ended September 30, 2012 and the year ended December 31, 2011:
|  | Successor |  |  | Predecessor |
|  | September 30, 2012 |  |  | December 31, 2011 |
Balance at beginning of period |  | $ | 142,119 |  |  | $ | 190,036 |
Incurred—prior periods |  |  | 27,567 |  |  |  | 47,321 |
Paid—prior periods |  |  | (38,997 | ) |  |  | (95,238 | )
Total |  | $ | 130,689 |  |  | $ | 142,119 |

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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 94-5 -Paragraph 11 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
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- Definition The entire disclosure for the supplemental schedule of reinsurance information required to be filed for each period for which an audited income statement is presented. Reinsurance schedule includes the type of insurance, gross amount of premiums, premiums ceded to other companies, premiums assumed from other companies, net amount of premium revenue, and the percentage of the premiums assumed to net premium revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 17 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.12-17) -URI http://asc.fasb.org/extlink&oid=6588446&loc=d3e574992-122915 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 + Details
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- Definition Summary of Losses and loss adjustment reserve activity. + References No definition available. + Details
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