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Insurance Activity (Tables)

6 Months Ended

Jun. 30, 2014

Insurance [Abstract]

Schedule of Premiums Assumed and Earned

Premiums assumed and earned are as follows for the periods ended June 30, 2014 and 2013, respectively:

		Three Months Ended June 30, 2014				Three Months Ended June 30, 2013				Six Months Ended June 30, 2014				Six Months Ended June 30, 2013
Premiums assumed		$	1,673			$	3,189			$	3,712			$	6,563
Change in unearned premiums			40				(1,455	)			167				(1,424	)
Premiums earned		$	1,713			$	1,734			$	3,879			$	5,139

Components of Liability for Losses and Loss Adjustment Reserves

The components of the liability for losses and loss adjustment reserves are as follows as of June 30, 2014 and December 31, 2013, respectively:

		June 30, 2014				December 31, 2013
Case-basis reserves		$	19,270			$	41,159
IBNR reserves			120				713
Premium deficiency reserves			4,272				2,442
Total losses and loss adjustment reserves		$	23,662			$	44,314

Summary of Losses and Loss Adjustment Reserve Activity

Losses and loss adjustment reserve activity are as follows for the six months ended June 30, 2014 and the year ended December 31, 2013, respectively:

		June 30, 2014				December 31, 2013
Balance at beginning of period		$	44,314			$	82,524
Incurred - prior periods			3,989				(6,159	)
Paid or terminated - prior periods			(24,641	)			(32,051	)
Total losses and loss adjustment reserves		$	23,662			$	44,314

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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 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

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- Definition

The entire disclosure for the supplemental schedule of reinsurance information. Reinsurance schedule includes, but is not limited to, the type of insurance, gross amount of premiums, premiums ceded to other entities, premiums assumed from other entities, 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 17

-Article 12



Reference 2: 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 3: 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



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 05

-Article 7

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Summary of Losses and loss adjustment reserve activity.

+ References

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