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Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2012
Significant Accounting Policies [Abstract] |
Cash and cash equivalents and restricted cash and cash equivalents | The following table presents the amount of cash and cash equivalents and restricted cash and cash equivalents as of the periods presented (in thousands):
|  | As of June 30, 2012 |
|  | Cash and cash equivalents |  |  | Restricted cash and cash equivalents |
Institution |  | Cash |  |  | Money Market Funds |  |  | Total |  |  | % by institution |  |  | Funds held in Trust (1) |  |  | State Deposits (2) |  |  | Total |  |  | % by institution |
U. S. Bank IT&C |  | $ | — |  |  | $ | 40,475 |  |  | $ | 40,475 |  |  |  | 11.4 | % |  | $ | — |  |  | $ | 800 |  |  | $ | 800 |  |  |  | 1.1 | %
SunTrust Bank |  |  | 1,106 |  |  |  | — |  |  |  | 1,106 |  |  |  | 0.3 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
SunTrust Bank Escrow Services |  |  | — |  |  |  | 311,029 |  |  |  | 311,029 |  |  |  | 87.3 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Wells Fargo Bank N.A. |  |  | 1,520 |  |  |  | 3 |  |  |  | 1,523 |  |  |  | 0.4 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Bank of New York Mellon Trust Co. (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19,979 |  |  |  | — |  |  |  | 19,979 |  |  |  | 26.9 | %
Florida Department of Financial Services |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 53,495 |  |  |  | 53,495 |  |  |  | 72.0 | %
All Other Banking Institutions |  |  | 2,033 |  |  |  | 159 |  |  |  | 2,192 |  |  |  | 0.6 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 4,659 |  |  | $ | 351,666 |  |  | $ | 356,325 |  |  |  | 100.0 | % |  | $ | 19,979 |  |  | $ | 54,295 |  |  | $ | 74,274 |  |  |  | 100.0 | %
|  | As of December 31, 2011 |
|  | Cash and cash equivalents |  |  | Restricted cash and cash equivalents |
Institution |  | Cash |  |  | Money Market Funds |  |  | Total |  |  | % by institution |  |  | Funds held in Trust (1) |  |  | State Deposits (2) |  |  | Total |  |  | % by institution |
U. S. Bank IT&C |  | $ | — |  |  | $ | 40,474 |  |  | $ | 40,474 |  |  |  | 17.6 | % |  | $ | — |  |  | $ | 800 |  |  | $ | 800 |  |  |  | 1.0 | %
SunTrust Bank |  |  | 1,629 |  |  |  | — |  |  |  | 1,629 |  |  |  | 0.7 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
SunTrust Bank Escrow Services |  |  | — |  |  |  | 182,701 |  |  |  | 182,701 |  |  |  | 79.5 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Wells Fargo Bank N.A. |  |  | 1,244 |  |  |  | 14 |  |  |  | 1,258 |  |  |  | 0.5 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Bank of New York Mellon Trust Co. (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30,220 |  |  |  | — |  |  |  | 30,220 |  |  |  | 38.6 | %
Florida Department of Financial Services |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 47,292 |  |  |  | 47,292 |  |  |  | 60.4 | %
All Other Banking Institutions |  |  | 1,739 |  |  |  | 1,884 |  |  |  | 3,623 |  |  |  | 1.6 | % |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 4,612 |  |  | $ | 225,073 |  |  | $ | 229,685 |  |  |  | 100.0 | % |  | $ | 30,220 |  |  | $ | 48,092 |  |  | $ | 78,312 |  |  |  | 100.0 | %
(1) | Amounts held in trust include collateral contributed by UIH in connection with reinsurance contracts entered into between UPCIC and a segregated account owned and maintained by UIH.
(2) | State deposits represent amounts held with regulatory agencies in the various states in which our Insurance Entities do business. Applicable laws and regulations govern not only the amount, but also the type of securities that are eligible for deposit. State deposits also include amounts that UPCIC has voluntarily placed on deposit in connection with the reinsurance contract between UPCIC and UIH.
Unsecured net amounts due from reinsurers whose aggregate balance exceeds 3% of the stockholders equity | The following table presents the unsecured net amounts due from the Company’s reinsurers whose aggregate balance exceeds 3% of the Company’s stockholders’ equity (in thousands):
|  | As of |
|  | June 30, |  |  | December 31, |
Reinsurer |  | 2012 |  |  | 2011 |
Everest Reinsurance Company |  | $ | 193,250 |  |  | $ | 264,997 |
Florida Hurricane Catastrophe Fund |  |  | — |  |  |  | 30,422 |
Odyssey Reinsurance Company |  |  | 42,084 |  |  |  | — |
Total (1) |  | $ | 235,334 |  |  | $ | 295,419 |
(1) | Amounts represent prepaid reinsurance premiums, reinsurance receivables, and net recoverables for paid and unpaid losses, including incurred but not reported (“IBNR”) reserves, loss adjustment expenses, net of offsetting reinsurance payables.

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- Definition Tabular disclosure of names of reinsurers that have assumed risk of the entity's contractual insurance obligation and amounts assumed for purposes of disclosing concentration of credit risk by reinsurer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 825 -Section 55 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6487554&loc=d3e32600-158583 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 113 -Paragraph 28 -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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611 + Details
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