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Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2012
Significant Accounting Policies [Abstract]  
Cash and cash equivalents and restricted cash and cash equivalents
                                                                 
    Cash and cash equivalents  
    As of September 30, 2012     As of December 31, 2011  

Institution

   Cash     Money Market
Funds		     Total     % by
institution		     Cash     Money Market
Funds		     Total     % by
institution		  

U. S. Bank IT&C

   $ —       $ 40,464     $ 40,464       11.1 %    $ —       $ 40,474     $ 40,474       17.6 % 

SunTrust Bank

     1,464       4,155       5,619       1.5 %      1,629       —         1,629       0.7 % 

SunTrust Bank Escrow Services

     —         309,661       309,661       84.7 %      —         182,701       182,701       79.5 % 

Wells Fargo Bank N.A.

     2,002       3       2,005       0.5 %      1,244       14       1,258       0.6 % 

All Other Banking Institutions

     1,972       5,954       7,926       2.2 %      1,739       1,884       3,623       1.6 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 5,438     $ 360,237     $ 365,675       100.0 %    $ 4,612     $ 225,073     $ 229,685       100.0 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
                                                                 
    Restricted cash and cash equivalents  
    As of September 30, 2012     As of December 31, 2011  

Institution

   Funds
held in
Trust (1)		     State
Deposits		     Total     % by
institution		     Funds
held in
Trust (1)		     State
Deposits		     Total     % by
institution		  

U. S. Bank IT&C

   $ —       $ 800     $ 800       0.9 %    $ —       $ 800     $ 800       1.0 % 

Bank of New York Mellon Trust Co. (1)

     40,840       —         40,840       42.9 %      30,220       —         30,220       38.6 % 

Florida Department of Financial Services

     —         53,495       53,495       56.2 %      —         47,292       47,292       60.4 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 40,840     $ 54,295     $ 95,135       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.
Unsecured net amounts due from reinsurers whose aggregate balance exceeds 3% of the stockholders equity
                 
    As of  

Reinsurer

   September 30,
2012		     December 31,
2011		  

Everest Reinsurance Company

   $ 45,236     $ 264,997  

Florida Hurricane Catastrophe Fund

     —         30,422  

Odyssey Reinsurance Company

     194,427       —    
   

 

 

    

 

 

  

Total (1)

   $ 239,663     $ 295,419  
   

 

 

    

 

 

  

 

(1) Amounts represent prepaid reinsurance premiums, reinsurance receivables, and net recoverable for paid and unpaid losses, including incurred but not reported (“IBNR”) reserves, loss adjustment expenses, net of offsetting reinsurance payables.