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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ (3,380) $ (3,816)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Amortization of bond premium or discount 529 488
Net realized (gain) loss on sale of investments (27) (134)
Unrealized (gain) loss on trading securities (66) 812
Equity-based compensation expense 129 46
Changes in assets and liabilities:    
Accrued investment income 10 89
Other assets 391 35
Change in cash held in trust (4,798) 1,140
Change in restricted cash 9 25,005
Losses and loss adjustment reserves (9,477) (4,125)
Losses payable (1,091) 244
Unearned premiums (127) (31)
Accrued ceding commission expense (52) (18)
Accrued interest on notes payable 21 (223)
Loss contract fair market value reserve   (987)
Other liabilities (698) 63
Total adjustments (15,247) 22,404
Net cash (used in) provided by operating activities (18,627) 18,588
Cash flows from investing activities:    
Purchase of investments (249,770) (76,895)
Proceeds from sales and maturities of investments 251,655 71,651
Net cash provided by (used in) investing activities 1,885 (5,244)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock 11,072  
Fees incurred preferred stock issuance (1,617)  
Proceeds from sale of warrants to purchase common stock 11,500  
Fees incurred relating to warrants issued (1,617)  
Deferred offering costs (12,048)  
Notes payable - principal repayments   (21,282)
Notes payable - principal issued 1,929 711
Net cash provided by (used in) financing activities 9,219 (20,571)
Increase (decrease) in cash and cash equivalents (7,523) (7,227)
Cash and cash equivalents, beginning of period 11,986 16,761
Cash and cash equivalents, end of period 4,463 9,534
Cash paid during the period:    
Interest 1,500 3,718
Supplementary disclosure of non-cash investing and financing activities:    
Notes payable issued in lieu of cash interest payments 1,929 711
Preferred deemed dividend recorded due to beneficial conversion feature $ 9,455