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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2012
Significant Accounting Policies [Abstract]  
Cash and cash equivalents and restricted cash and cash equivalents
                                                                 
    Cash and cash equivalents  
    As of December 31, 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

   $ —        $ 40,463     $ 40,463       11.6 %    $ —       $ 40,474     $ 40,474       17.6 % 

SunTrust Bank

     773       1,055       1,828       0.5 %      1,629       —         1,629       0.7 % 

SunTrust Bank Escrow Services

     —          300,843       300,843       86.6 %      —         182,701       182,701       79.5 % 

Wells Fargo Bank N.A.

     1,991       3       1,994       0.6 %      1,244       14       1,258       0.6 % 

All Other Banking Institutions

     1,796       468       2,264       0.7 %      1,739       1,884       3,623       1.6 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 4,560     $ 342,832     $ 347,392       100.0 %    $ 4,612     $ 225,073     $ 229,685       100.0 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

The following table presents the amount of restricted cash and cash equivalents as of the periods presented (in thousands):

 

                                                                 
    Restricted cash and cash equivalents  
    As of December 31, 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       2.4 %    $ —       $ 800     $ 800       1.0 % 

Bank of New York Mellon Trust Co.(1)

     —         —         —         —         30,220       —         30,220       38.6 % 

Florida Department of Financial Services

     —         32,209       32,209       97.6 %      —         47,292       47,292       60.4 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ —       $ 33,009     $ 33,009       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 exceeded 3% of the stockholders' equity
                 
    As of  

Reinsurer

   December 31,
2012		     December 31,
2011		  

Everest Reinsurance Company

   $ 44,392     $ 264,997  

Florida Hurricane Catastrophe Fund

     31,970       30,422  

Odyssey Reinsurance Company

     192,096       —    
   

 

 

    

 

 

  

Total(1)

   $ 268,458     $ 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.