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Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses for Property and Casualty Insurance (Table Text Block) | 12 Months Ended
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Mar. 31, 2013
Table Text Block [Abstract] |
Activity in the Liability for Unpaid Losses and Loss Adjustment Expenses for Property and Casualty Insurance | Activity in the liability for unpaid losses and loss adjustment expenses for our Property and Casualty Insurance operating segment is summarized as follows:
|  | Years Ended December 31,
|  | 2012 |  | 2011 |  | 2010
|  | (In thousands)
Balance at January 1 | $ | 382,328 | $ | 276,355 | $ | 271,677
Less: reinsurance recoverable |  | 223,865 |  | 167,315 |  | 162,711
Net balance at January 1 |  | 158,463 |  | 109,040 |  | 108,966
Incurred related to: |  |  |  |  |  |
Current year |  | 8,962 |  | 9,297 |  | 9,453
Prior years |  | 7,036 |  | 56,445 |  | 7,832
Total incurred |  | 15,998 |  | 65,742 |  | 17,285
Paid related to: |  |  |  |  |  |
Current year |  | 4,405 |  | 5,049 |  | 4,971
Prior years |  | 16,402 |  | 11,270 |  | 12,240
Total paid |  | 20,807 |  | 16,319 |  | 17,211
Net balance at December 31 |  | 153,654 |  | 158,463 |  | 109,040
Plus: reinsurance recoverable |  | 176,439 |  | 223,865 |  | 167,315
Balance at December 31 | $ | 330,093 | $ | 382,328 | $ | 276,355
The liability for incurred losses and loss adjustment expenses (net of reinsurance recoverable of $176.4 million) decreased by $4.8 million in 2012.

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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-Publisher AICPA -Name Statement of Position (SOP) -Number 94-5 -Paragraph 11 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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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