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Commitments and Contingencies
 3 Months Ended
Mar. 31, 2012
Commitments and Contingencies [Abstract]  
Commitments and Contingencies

11. Commitments and Contingencies

Employment Agreements

The Company has employment agreements with certain employees which are in effect as of March 31, 2012. The agreements provide for minimum salaries, which may be subject to annual percentage increases, and non-equity incentive compensation for certain executives based on pre-tax, or net income levels attained by the Company. The agreements also provide for payments contingent upon the occurrence of certain events.

 

The following table presents the amount of commitments and estimated contingent payments the Company is obligated to pay in the form of salaries and non-equity incentive compensation under the agreements with named executive officers (in thousands):

 

                         
    As of March 31, 2012  
    Salaries     Non-equity
incentive
compensation		     Equity
compensation		  

Commitments

   $ 8,221     $ 4,397       —    
       

Contingent payments upon certain events:

                        

Termination

   $ 4,449     $ 2,823       —    

Change in control

   $ 13,634     $ 5,016     $ 319  

Death

   $ 6,249     $ 3,571       —    

Disability

   $ 4,036     $ 2,277       —    

Litigation

Certain lawsuits have been filed against the Company. These lawsuits involve matters that are routine litigation incidental to the claims aspect of the Company’s business for which estimated losses are included in Unpaid Losses and Loss Adjustment Expenses in the Company’s Condensed Consolidated Financial Statements. In the opinion of management, these lawsuits are not material individually or in the aggregate to the Company’s financial position or results of operations. Accruals made or assessments of materiality of disclosure related to probable or possible losses do not consider any anticipated insurance proceeds.