FedNat Holding (FNHCQ) 10-Q 10 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 30, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'FEDERATED NATIONAL HOLDING CO	'
Entity Central Index Key	'0001069996	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	14,008,844
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments	'	'
Debt maturities, available for sale, at fair value	$275,387	$174,912
Debt maturities, held to maturity, at amortized cost	7,352	7,214
Equity securities, available for sale, at fair value	36,463	38,584
Total investments	319,202	220,710
Cash and short term investments	45,926	41,446
Prepaid reinsurance premiums	39,202	7,592
Premiums receivable, net of allowance for credit losses of $143 and $143, respectively	28,112	22,414
Reinsurance recoverable, net	9,235	2,742
Deferred policy acquisition costs	10,980	16,708
Deferred income taxes, net	0	1,006
Income taxes receivable	2,130	0
Property, plant and equipment, net	1,670	929
Other assets	5,135	3,194
Contingent quota-share profit sharing	14,000	0
Total assets	475,592	316,741
LIABILITIES AND SHAREHOLDERS' EQUITY	'	'
Unpaid losses and LAE	73,109	61,016
Unearned premiums	186,638	128,343
Premiums deposits and customer credit balances	7,094	3,833
Claims payments outstanding	7,182	6,203
Income taxes payable	0	2,379
Deferred income taxes, net	1,964	0
Accounts payable and accrued expenses	7,631	6,473
Deferred quota-share profit sharing	12,250	0
Total liabilities	295,868	208,247
Shareholders' equity:	'	'
Common stock, $0.01 par value. Authorized 25,000,000 shares; issued and outstanding13,594,962 and 10,901,716, respectively	136	109
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued or outstanding	0	0
Additional paid-in capital	125,433	80,525
Accumulated other comprehensive income	'	'
Unrealized net gains on investments, available for sale	6,093	5,964
Total accumulated other comprehensive income	6,093	5,964
Retained earnings	48,062	21,896
Total shareholders' equity	179,724	108,494
Total liabilities and shareholders' equity	$475,592	$316,741

CONSOLIDATED_BALANCE_SHEETS_UN1

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
ASSETS	'	'
Premiums receivable, allowance for credit losses	$143	$143
Shareholders' equity:	'	'
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	25,000,000	25,000,000
Common stock, issued (in shares)	13,594,962	10,901,716
Common stock, outstanding (in shares)	13,594,962	10,901,716
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue:	'	'	'	'
Gross premiums written	$92,032	$60,741	$280,487	$175,609
Gross premiums ceded	-129,298	-49,936	-179,137	-78,179
Net premiums written	-37,266	10,805	101,350	97,430
Increase in prepaid reinsurance premiums	80,013	29,318	86,900	29,870
Increase in unearned premiums	-8,229	-12,762	-58,295	-57,981
Net change in prepaid reinsurance premiums and unearned premiums	71,784	16,556	28,605	-28,111
Net premiums earned	34,518	27,361	129,955	69,319
Commission income	1,173	637	3,350	1,989
Finance revenue	392	241	1,051	584
Direct written policy fees	2,238	1,632	6,417	4,594
Net investment income	1,450	800	3,758	2,382
Net realized investment gains	659	780	4,047	2,480
Other income	970	466	1,540	618
Quota-share profit sharing	1,750	0	1,750	0
Total revenue	43,150	31,917	151,868	81,966
Expenses:	'	'	'	'
Losses and LAE	15,126	14,436	60,476	36,583
Operating and underwriting expenses	6,732	3,411	14,600	10,066
Salaries and wages	4,022	2,709	10,520	7,375
Amortization of deferred policy acquisition costs	5,815	6,576	23,095	15,370
Total expenses	31,695	27,132	108,691	69,394
Income before provision for income tax expense	11,455	4,785	43,177	12,572
Provision for income tax expense	4,228	1,504	15,973	4,411
Net income	$7,227	$3,281	$27,204	$8,161
Net income per share - basic (in dollars per share)	$0.57	$0.41	$2.35	$1.02
Net income per share - diluted (in dollars per share)	$0.56	$0.39	$2.28	$0.99
Weighted average number of common shares outstanding - basic (in shares)	12,624,746	8,066,773	11,562,709	8,023,505
Weighted average number of common shares outstanding - diluted (in shares)	12,956,407	8,345,924	11,934,057	8,260,435
Dividends paid per share (in dollars per share)	$0.03	$0.03	$0.09	$0.08

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]	'	'	'	'
Net income	$7,227	$3,281	$27,204	$8,161
Change in net unrealized (losses) gains on investments available for sale	-1,883	2,658	359	331
Comprehensive income before tax	5,344	5,939	27,563	8,492
Income tax benefit (expense) related to items of other comprehensive income	615	-1,000	-229	-125
Comprehensive income	$5,959	$4,939	$27,334	$8,367

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flow from operating activities:	'	'
Net income	$27,204	$8,161
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Amortization of investment premium or discount, net	2,909	1,135
Depreciation and amortization of property plant and equipment, net	334	190
Net realized investment gains	-4,047	-2,480
Recovery for uncollectible premiums receivable	0	-34
Non-cash compensation	72	188
Changes in operating assets and liabilities:	'	'
Premiums receivable	-5,698	-12,053
Prepaid reinsurance premiums	-31,610	5,339
Reinsurance recoverable, net	-6,494	818
Income taxes recoverable	-2,130	-829
Deferred income tax expense, net of other comprehensive income	2,741	3,361
Policy acquisition costs, net of amortization	5,728	-5,881
Other assets	-1,941	171
Contingent quota-share profit sharing	-1,750	0
Unpaid losses and LAE	12,093	2,042
Unearned premiums	58,295	57,981
Premium deposits and customer credit balances	3,261	1,383
Income taxes payable	-2,379	0
Claims payments outstanding	979	-1,177
Accounts payable and accrued expenses	1,158	4,785
Net cash provided by operating activities	58,725	63,100
Cash flow used by investing activities:	'	'
Proceeds from sale of investment securities	65,869	93,079
Purchases of investment securities available for sale	-162,864	-129,349
Purchases of property and equipment	-1,074	-542
Net cash used by investing activities	-98,069	-36,812
Cash flow provided (used) by financing activities:	'	'
Exercised stock options	1,433	358
Dividends paid	-1,038	-903
Issuance of common stock	43,116	0
Tax benefit related to non-cash compensation	313	108
Net cash provided (used) by financing activities	43,824	-437
Net increase in cash and short term investments	4,480	25,851
Cash and short term investments at beginning of period	41,446	21,143
Cash and short term investments at end of period	45,926	46,994
Cash paid during the period for:	'	'
Income taxes	18,185	1,870
Non-cash investing and finance activities:	'	'
Accrued dividends payable	$350	$250

Organization_and_Business

Organization and Business	9 Months Ended
	Sep. 30, 2014
Organization and Business [Abstract]	'
Organization and Business	'
	-1	Organization and Business
	In this Quarterly Report on Form 10-Q, “FNHC” and the terms “Company”, “we”, “us” and “our” refer to Federated National Holding Company and its subsidiaries, unless the context indicates otherwise. We changed our name on September 11, 2012, pursuant to approval received at our annual shareholders’ meeting, from 21st Century Holding Company so that our parent company and other subsidiary companies’ names are consistent with our primary insurance subsidiary and the name under which we have been writing insurance for more than 20 years.
	FNHC is an insurance holding company that controls substantially all steps in the insurance underwriting, distribution and claims processes through our subsidiaries and our contractual relationships with our independent agents and general agents.
	We are authorized to underwrite, and/or place through our wholly owned subsidiaries, homeowners’ multi-peril (“homeowners”), commercial general liability, federal flood, personal auto and various other lines of insurance in Florida and various other states. We market and distribute our own and third-party insurers’ products and our other services through a network of independent agents.
	Our insurance subsidiary is Federated National Insurance Company (“FNIC”). FNIC is licensed as an admitted carrier in Florida. An admitted carrier is an insurance company that has received a license from the state department of insurance giving the company the authority to write specific lines of insurance in that state. These companies are also bound by rate and form regulations, and are strictly regulated to protect policyholders from a variety of illegal and unethical practices, including fraud. Admitted carriers are also required to financially contribute to the state guarantee fund, which is used to pay for losses if an insurance carrier becomes insolvent or unable to pay the losses due their policyholders. Through contractual relationships with a network of approximately 3,600 independent agents, of which approximately 2,100 actively sell and service our products, FNIC is authorized to underwrite homeowners’, commercial general liability, fire, allied lines and personal and commercial automobile insurance in Florida. FNIC is licensed as an admitted carrier in Alabama, Louisiana, Georgia and Texas and underwrites commercial general liability insurance in those states. Federated National also underwrites  homeowners’ insurance in Louisiana and Alabama, commencing in October of 2014. Additionally, we underwrite personal automobile insurance in Georgia and Texas.
	FNIC is also licensed as a non-admitted carrier in Nevada and South Carolina and can underwrite commercial general liability insurance in these states. Currently there are no operations in Nevada or South Carolina. A non-admitted carrier, sometimes referred to as a “excess and surplus lines” carrier, is permitted to do business in a state and, although it is strictly regulated to protect policyholders from a variety of illegal and unethical practices, including fraud, non-admitted carriers are subject to considerably less regulation with respect to policy rates and forms. Non-admitted carriers are not required to financially contribute to and benefit from the state guarantee fund, which is used to pay for losses if an insurance carrier becomes insolvent or unable to pay the losses due their policyholders.
	We have entered into a Coexistence Agreement effective August 30, 2013 (the "Coexistence Agreement") with Federated Mutual Insurance Company ("Federated Mutual") pursuant to which, among other things, we may continue to use "Federated" until at least August 30, 2020, after which time we have agreed to either cease using "Federated" in commerce or otherwise adopt and use trade names that are not confusingly similar to Federated Mutual's trademarks. We continue to develop our brand under the "FedNat" name, which is the name by which agents generally know us.
	In January 2011, we merged FNIC and our other wholly owned insurance subsidiary, American Vehicle Insurance Company (“American Vehicle”), with FNIC continuing the operations of both entities. As part of its approval of the merger between FNIC and American Vehicle, the Florida Office of Insurance Regulation (“Florida OIR”), the Company, FNIC and American Vehicle entered into a consent order with the Florida OIR dated January 25, 2011 (the “Consent Order”), which was amended in February 2013, due to FNIC’s statutory underwriting profit during 2012. Pursuant to the amended Consent Order, the Company and the resulting company in the merger (the “Merged Company”) have agreed to the following:
	·	The Merged Company retained the following licenses: (010) Fire, (020) Allied Lines, (040) Homeowners Multi Peril, (050) Commercial Multi Peril, (090) Inland Marine, (170) Other Liability, (192) Private Passenger Auto Liability, (194) Commercial Auto Liability, (211) Private Passenger Auto Physical Damage and (212) Commercial Auto Physical Damage.
	·	The Merged Company will not write commercial multi peril policy premium without prior approval from the Florida OIR. The Merged Company has no commercial multi peril policy premium in force.
	·	The Merged Company surrendered its surety license. The Merged Company has no surety policy premium in force.
	·	The Merged Company will not write new commercial habitation condominium associations without prior approval from the Florida OIR. The current commercial habitation book of business is fully earned.
	·	The Merged Company agreed to maintain the total number of its homeowners’ policies in Miami-Dade, Broward and Palm Beach counties (the “Tri-County Area”) to no more than 35% of its entire homeowners’ book. As of September 30, 2014, the Company had approximately 19.0% of its homeowners’ policies located within Tri-County Area.
	·	The managing general agency fees payable by the Merged Company to Federated National Underwriters, Inc. (“FNU”), formerly known as Assurance Managing General Agents, Inc., a wholly owned subsidiary of the Company, which were traditionally 6% of gross written premium, were reduced and will not exceed 4% without prior approval from the Florida OIR. The Merged Company has lowered the fee to amounts varying between 2% and 4% of gross written premiums to further support the FNIC results of operations. This will have no impact on the Company’s consolidated financial results.
	·	The claims service fees payable by the Merged Company to Federated National Adjusting, Inc. (“FNA”), formerly known as Superior Adjusting, Inc., were reduced from the traditional 4.5% of gross earned premium to 3.6% of gross earned premium. This will have no impact on the Company’s consolidated financial results.
	The merger of FNIC and American Vehicle will be an ongoing transition, many aspects of which will take effect over time. References to the companies contained herein are intended to be references to the operations of FNIC following the January 2011 merger. References to the historical activities of American Vehicle are appropriately identified throughout this document.
	During the three months ended September 30, 2014, 90.5%, 3.4%, 2.5% and 3.6% of the premiums we underwrote were for homeowners’, commercial general liability, federal flood, and automobile insurance, respectively. During the three months ended September 30, 2013, 89.1%, 4.3%, 2.9% and 3.7% of the premiums we underwrote were for homeowners’, commercial general liability, federal flood, and automobile insurance, respectively.
	During the nine months ended September 30, 2014, 91.2%, 3.4%, 2.2% and 3.2% of the premiums we underwrote were for homeowners’, commercial general liability, federal flood, and automobile insurance, respectively. During the nine months ended September 30, 2013, 89.0%, 4.6%, 2.8% and 3.6% of the premiums we underwrote were for homeowners’, commercial general liability, federal flood, and automobile insurance, respectively.
	During the three months ended September 30, 2014, $19.0 million or 22.8% of the $83.3 million of the homeowners’ premiums we underwrote were produced under an agency agreement with Ivantage Select Agency, Inc. (“ISA”), an affiliate of Allstate Insurance Company, that grants Allstate agents the authority to offer certain FNIC products. The $19.0 million of homeowners’ premiums produced under this agreement with ISA represents 65.1% of the total increase in the sale of homeowners’ policies during the three months ended September 30, 2014. During the three months ended September 30, 2013, $10.9 million or 20.1% of the $54.1 million of the homeowners’ premiums we underwrote were produced under the agreement with ISA. This network of agents began writing for FNIC in March 2013.
	During the nine months ended September 30, 2014, $49.4 million or 19.3% of the $255.9 million of the homeowners’ premiums we underwrote were produced under the agreement with ISA. The $49.4 million of homeowners’ premiums produced under this agreement with ISA represents 49.7% of the total increase in the sale of homeowners’ policies during the nine months ended September 30, 2014. During the nine months ended September 30, 2013, $19.1 million or 12.2% of the $156.4 million of the homeowners’ premiums we underwrote were produced under the agreement with ISA.
	Our business, results of operations and financial condition are subject to fluctuations due to a variety of factors. Abnormally high severity or frequency of claims in any period could have a material adverse effect on us. When our estimated liabilities for unpaid losses and loss adjustment expenses (“LAE”) are less than the actuarially determined amounts, we increase the expense in the current period. Conversely, when our estimated liabilities for unpaid losses and LAE are greater than the actuarially determined amounts, we decrease the expense in the current period.
	We are focusing our marketing efforts on continuing to expand our distribution network while maintaining our commitment to long-term relationships. We market our products and services throughout Florida and in other states by establishing relationships with additional independent agents and general agents. There can be no assurance, however, that we will be able to obtain the required regulatory approvals to offer additional insurance products or expand into other states.
	FNU acts as FNIC’s exclusive managing general agent in Florida and is also licensed as a managing general agent in the States of Alabama, Georgia, Louisiana, Nevada, South Carolina and Texas. FNU has contracted with several unaffiliated insurance companies to sell commercial general liability, workers compensation, personal umbrella, inland marine and other various lines of insurance through FNU’s existing network of agents.
	FNU earns commissions and fees for providing policy administration, marketing, accounting and analytical services, and for participating in the negotiation of reinsurance contracts. FNU earns a $25 per policy fee, and traditionally a 6% commission fee from its affiliate, FNIC. During the fourth quarter of 2010, FNU, pursuant to the Consent Order as discussed above, reduced its fee to earn amounts varying between 2% and 4%. A formal agreement reflecting this fee modification was executed during January 2011.
	We internally process claims made by our insureds through our wholly owned claims adjusting company, FNA. Our agents have no authority to settle claims or otherwise exercise control over the claims process. Furthermore, we believe that the retention of independent adjusters, in addition to the employment of salaried claims personnel, results in reduced ultimate loss payments, lower LAE and improved customer service for our claimants and policyholders. We also employ an in-house Litigation Manager to cost effectively manage claims-related litigation and to monitor our claims handling practices for efficiency and regulatory compliance.
	During the three months ended June 30, 2014, the Florida OIR approved an application to allow the claims administration operations of FNA to be assumed by FNU. Under the amended managing general agency agreement between FNU and FNIC, FNU will provide the same claims administration services under the same fee structure. The combination of these services in FNU had no affect on consolidated net income.
	Insure-Link, Inc. (“Insure-Link”) serves as an independent insurance agency. The insurance agency markets direct to the public to provide a variety of insurance products and services to individual clients, as well as business clients, by offering a full line of insurance products including, but not limited to,  homeowners’, flood, personal and commercial automobile, commercial general liability and workers’ compensation insurance through their agency appointments with over forty different carriers.

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Basis of Presentation [Abstract]	'
Basis of Presentation	'
	(2) Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements for the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America referred to as Generally Accepted Accounting Principles (“GAAP”) for interim financial information, and the Securities and Exchange Commission (“SEC”) rules for interim financial reporting. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, in the opinion of management, the accompanying financial statements reflect all normal recurring adjustments necessary to present fairly the Company’s financial position as of September 30, 2014 and the results of operations and cash flows for the periods presented.
	The results of operations for the interim periods presented are not necessarily indicative of the results of operations to be expected for any subsequent interim period or for the fiscal year ending December 31, 2014. The accompanying unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013 included in the Company’s Form 10-K, which was filed with the SEC on March 17, 2014.
	In preparing the interim unaudited condensed consolidated financial statements, management was required to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures at the financial reporting date and throughout the periods being reported upon. Certain of the estimates result from judgments that can be subjective and complex and consequently actual results may differ from these estimates.
	Material estimates that are particularly susceptible to significant change in the near-term relate to the determination of loss and LAE, ceded reinsurance balances payable, the recoverability of Deferred Policy Acquisition Costs (“DPAC”), the determination of federal income taxes, and the net realizable value of reinsurance recoverables. Although considerable variability is inherent in these estimates, management believes that the amounts provided are reasonable. These estimates are continually reviewed and adjusted as necessary. Such adjustments are reflected in current operations.
	All significant intercompany balances and transactions have been eliminated. No material reclassifications have been made to the prior-period balances to conform to the current-period presentation.

Summary_of_Significant_Account

Summary of Significant Accounting Policies and Practices	9 Months Ended
	Sep. 30, 2014
Summary of Significant Accounting Policies and Practices [Abstract]	'
Summary of Significant Accounting Policies and Practices	'
	(3) Summary of Significant Accounting Policies and Practices
	(A)  Critical Accounting Policies
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the amounts reported in the financial statements and accompanying notes. Future events and their effects cannot be determined with absolute certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results inevitably will differ from those estimates, and such differences may be material to the financial statements.
	The most significant accounting estimates inherent in the preparation of our financial statements include estimates associated with management’s evaluation of the determination of (i) liability for unpaid losses and LAE, (ii) the amount and recoverability of amortization of DPAC, and (iii) estimates for our reserves with respect to finance contracts, premiums receivable and deferred income taxes. Various assumptions and other factors underlie the determination of these significant estimates, which are described in greater detail in Footnote 2 of the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2013, which we included in the Company’s Annual Report on Form 10-K which was filed with the SEC on March 17, 2014.
	We believe that there were no significant changes in those critical accounting policies and estimates during the nine months ended September 30, 2014. Senior management has reviewed the development and selection of our critical accounting policies and estimates and their disclosure in this Form 10-Q with the Audit Committee of our Board of Directors.
	The process of determining significant estimates is fact-specific and takes into account factors such as historical experience, current and expected economic conditions, and in the case of unpaid losses and LAE, an actuarial valuation. Management regularly reevaluates these significant factors and makes adjustments where facts and circumstances dictate. In selecting the best estimate, we utilize various actuarial methodologies. Each of these methodologies is designed to forecast the number of claims we will be called upon to pay and the amounts we will pay on average to settle those claims. In arriving at our best estimate, our actuaries consider the likely predictive value of the various loss development methodologies employed in light of underwriting practices, premium rate changes and claim settlement practices that may have occurred, and weigh the credibility of each methodology. Our actuarial methodologies take into account various factors, including, but not limited to, paid losses, liability estimates for reported losses, paid allocated LAE, salvage and other recoveries received, reported claim counts, open claim counts and counts for claims closed with and without payment for loss.
	Accounting for loss contingencies pursuant to Financial Accounting Standards Board (“FASB”) issued guidance involves the existence of a condition, situation or set of circumstances involving uncertainty as to possible loss that will ultimately be resolved when one or more future event(s) occur or fail to occur. Additionally, accounting for a loss contingency requires management to assess each event as probable, reasonably possible or remote. Probable is defined as the future event or events are likely to occur. Reasonably possible is defined as the chance of the future event or events occurring is more than remote but less than probable, while remote is defined as the chance of the future event or events occurring is slight. An estimated loss in connection with a loss contingency shall be recorded by a charge to current operations if both of the following conditions are met: First, the amount can be reasonably estimated, and second, the information available prior to issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements. It is implicit in this condition that it is probable that one or more future events will occur confirming the fact of the loss or incurrence of a liability.
	We are required to review the contractual terms of all our reinsurance purchases to ensure compliance with FASB issued guidance. The guidance establishes the conditions required for a contract with a reinsurer to be accounted for as reinsurance and prescribes accounting and reporting standards for those contracts. Contracts that do not result in the reasonable possibility that the reinsurer may realize a significant loss from the insurance risk assumed generally do not meet the conditions for reinsurance accounting and must be accounted for as deposits. The guidance also requires us to disclose the nature, purpose and effect of reinsurance transactions, including the premium amounts associated with reinsurance assumed and ceded. It also requires disclosure of concentrations of credit risk associated with reinsurance receivables and prepaid reinsurance premiums.
	FASB issued guidance addresses accounting and reporting for (a) investments in equity securities that have readily determinable fair values and (b) all investments in debt securities. We account for our investment securities consistent with FASB issued guidance that requires our securities to be classified into one of three categories: (i) held-to-maturity, (ii) trading securities or (iii) available-for-sale.
	Investments classified as held-to-maturity include debt securities wherein the Company’s intent and ability are to hold the investment until maturity and are carried at amortized cost without consideration to unrealized gains or losses. Investments classified as trading securities include debt and equity securities bought and held primarily for sale in the near term and are carried at fair value with unrealized holding gains and losses included in current period operations. Investments classified as available-for-sale include debt and equity securities that are not classified as held-to-maturity or as trading security investments and are carried at fair value with unrealized holding gains and losses excluded from earnings and reported as a separate component of shareholders’ equity, namely “Other Comprehensive Income.”
	Premiums and discounts are amortized or accreted, respectively, over the life of the related debt security as an adjustment to yield using a method that approximates the effective interest method. Dividends and interest income are recognized when earned. Realized gains and losses are included in earnings and are derived using the specific-identification method for determining the cost of securities sold.
	Financial instruments, which potentially expose us to concentrations of credit risk, consist primarily of investments, premiums receivable, amounts due from reinsurers on paid and unpaid losses and finance contracts. We have not experienced significant losses related to premiums receivable from individual policyholders or groups of policyholders in a particular industry or geographic area. We believe no credit risk beyond the amounts provided for collection losses is inherent in our premiums receivable or finance contracts. In order to reduce credit risk for amounts due from reinsurers, we seek to do business with financially sound reinsurance companies and regularly review the financial strength of all reinsurers used. Additionally, our credit risk in connection with our reinsurers is mitigated by the establishment of irrevocable clean letters of credit in favor of FNIC.
	The fair value of our investments is estimated based on prices published by financial services or quotations received from securities dealers and is reflective of the interest rate environment that existed as of the close of business on September 30, 2014 and December 31, 2013. Changes in interest rates subsequent to September 30, 2014 and December 31, 2013 may affect the fair value of our investments.
	The carrying amounts for the following financial instrument categories approximate their fair values at September 30, 2014 and December 31, 2013 because of their short-term nature: cash and short term investments, premiums receivable, finance contracts, due from reinsurers, revolving credit outstanding, bank overdraft, accounts payable and accrued expenses.
	(B) Impact of New Accounting Pronouncements
	In June 2014, the FASB issued Accounting Standard Update (“ASU”) No. 2014-12: Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, a consensus of the FASB Emerging Issues Task Force.  The amendments in this ASU apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period.  That is the case when an employee is eligible to retire or otherwise terminate employment before the end of the period in which a performance target (for example, an initial public offering or a profitability target) could be achieved and still be eligible to vest in the award if and when the performance target is achieved.  The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  Current U.S. GAAP does not contain explicit guidance on whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of an award.  The amendments in this ASU provide explicit guidance for those awards.    The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015, and, earlier adoption is permitted.  The adoption of the amendments in this ASU will not have a material impact on our financial position, results of operations or cash flows.
	In July 2013, the FASB issued Accounting Standard Update (“ASU”) No. 2013-11: Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  Topic 740, Income Taxes, does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists, and there is diversity in practice in the presentation of unrecognized tax benefit in those instances.  The objective of the amendments in this ASU is to eliminate that diversity in practice.  The ASU applies to all entities that have unrecognized tax benefits when a net operating loss carry forward, a similar tax loss, or a tax credit carryforward exists at the operating date. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and early adoption is permitted.  The amendments in this ASU should be applied prospectively to all unrecognized tax benefits that exist at the effective date and   retrospective application is permitted.  The adoption of the amendments in this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In February 2013, the FASB issued ASU No. 2013-02: Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.  The objective of this ASU is to improve the reporting of reclassifications out of accumulated other comprehensive income.  The amendments require an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety in net income.  For other amounts that are not required to be reclassified to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts.  The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements.  The ASU is effective prospectively for reporting periods beginning after December 15, 2012.  The adoption of these amendments did not have a material impact on our financial condition, results of operations or cash flows.
	In January 2013, the FASB issued ASU No. 2013-01: Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The objective of this ASU is to clarify the scope of offsetting disclosures and to address implementation issues with ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.  The amendments clarify that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions.  An entity is required to apply the amendments for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods.  An entity should provide the required disclosures retrospectively for all comparative periods.  The adoption of these amendments did not have a material impact on our financial condition, results of operations or cash flows.
	In July 2012, the FASB issued ASU No. 2012-02: Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. The objective of the amendments in this ASU is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories.  The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30.  The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent.   Upon adoption, these amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012; early adoption is permitted.  The adoption of these amendments did not have a material impact on our financial condition, results of operations or cash flows.
	In June 2011, the FASB issued ASU No. 2011-05: Comprehensive Income (Topic 220):  Presentation of Comprehensive Income. The guidance in this ASU is intended to increase the prominence of items reported in other comprehensive income in the financial statements by presenting the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. The guidance in this ASU does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. Upon adoption, this update is to be applied retrospectively and is effective during interim and annual periods beginning after December 15, 2011.  Early adoption is permitted. The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In December 2011, the FASB issued ASU No. 2011-12:  Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05.  The guidance defers certain provisions contained in ASU No. 2011-05 requiring the requirement to present components of reclassifications of other comprehensive income on the face of the income statement or in the notes to the financial statements. However, this deferral does not impact the other requirements contained in the new standard on comprehensive income as described above. This ASU is effective during interim and annual periods beginning after December 15, 2011.  The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In September 2011, the FASB issued ASU No. 2011-08: Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment, which amends ASC Topic 350, Intangibles – Goodwill and Other. The guidance in this ASU permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in ASC Topic 350. Under the amendments in this ASU, an entity is not required to calculate the fair value of a reporting unit unless the entity determines that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011, if an entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In December 2011, the FASB issued ASU No. 2011-11: Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities, which requires new disclosure requirements mandating that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements. This ASU is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	Other recent accounting pronouncements issued by FASB, the American Institute of Certified Public Accountants (“AICPA”), and the SEC did not or are not believed by management to have a material impact on the Company’s present or future financial statements.
	(C) Stock Options
	Pursuant to FASB issued guidance, compensation cost recognized during the nine months ended September 30, 2014 includes compensation cost for all share-based payments granted subsequent to January 1, 2006, based on the grant date fair value estimated in accordance with the guidance.
	(D) Earnings per Share
	Basic earnings per share (“Basic EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period presented. Diluted earnings per share (“Diluted EPS”) is computed by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding during the period presented.
	(E) Reclassifications
	No material reclassification of the 2013 financial statements was necessary to conform to the 2014 presentation.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	(4) Commitments and Contingencies
	Management has a responsibility to continually measure and monitor its commitments and its contingencies. The nature of the Company’s commitments and contingencies can be grouped into three major categories: insured claim activity, assessment related activities and operational matters.
	(A) Insured Claim Activity
	We are involved in claims and legal actions arising in the ordinary course of business. The amount of liability for these claims and lawsuits is uncertain. Revisions to our estimates are based on our analysis of subsequent information that we receive regarding various factors, including: (i) per claim information; (ii) company and industry historical loss experience; (iii) legislative enactments, judicial decisions, legal developments in the awarding of damages; and (iv) trends in general economic conditions, including the effects of inflation. Management revises its estimates based on the results of its analysis. This process assumes that experience, adjusted for the effects of current developments and anticipated trends, is an appropriate basis for estimating the ultimate settlement of all claims. There is no precise method for subsequently evaluating the impact of any specific factor on the adequacy of the reserves, because the eventual redundancy or deficiency is affected by multiple factors. In the opinion of management, the ultimate disposition of these matters may have a material adverse effect on our consolidated financial position, results of operations, or liquidity.
	The Company’s subsidiaries are, from time to time, named as defendants in various lawsuits incidental to their insurance operations. Legal actions relating to claims made in the ordinary course of seeking indemnification for a loss covered by the insurance policy are considered by the Company in establishing losses and LAE reserves.
	The Company also faces, in the ordinary course of business, lawsuits that seek damages beyond policy limits. The Company continually evaluates potential liabilities and reserves for litigation of these types using the criteria established by FASB issued guidance. Under this guidance, reserves for a loss are recorded if the likelihood of occurrence is probable and the amount can be reasonably estimated. If a loss, while not probable, is judged to be reasonably possible, management will make an estimate of a possible range of loss or state that an estimate cannot be made. Management considers each legal action using this guidance and records reserves for losses as warranted.
	(B) Assessment Related Activity
	We operate in a regulatory environment where certain entities and organizations have the authority to require us to participate in assessments. Currently these entities and organizations include, but are not limited to, Florida Insurance Guaranty Association (“FIGA”), Citizens Property Insurance Corporation (“Citizens”), Florida Hurricane Catastrophe Fund (“FHCF”) and Florida Joint Underwriters Insurance Association (“JUA”). As a direct premium writer in the state of Florida, we are required to participate in certain insurer solvency associations under Florida Statutes Section 631.57(3) (a), administered by FIGA.
	FNIC is also required to participate in an insurance apportionment plan under Florida Statutes Section 627.351, which is referred to as a JUA Plan. The JUA Plan provides for the equitable apportionment of any profits realized, or losses and expenses incurred, among participating automobile insurers. In the event of an underwriting deficit incurred by the JUA Plan which is not recovered through the policyholders in the JUA Plan, such deficit shall be recovered from the companies participating in the JUA Plan in the proportion that the net direct written premiums of each such member during the preceding calendar year bear to the aggregate net direct premiums written in this state by all members of the JUA Plan. FNIC was assessed approximately $27,000 by the JUA Plan during 2014 and nothing during 2013. Future assessments by this association are undeterminable at this time.
	(C) Operational Matters
	The Company files federal income tax returns as well as multiple state and local tax returns. The Company’s consolidated federal and state income tax returns for 2010 - 2013 are open for review by the Internal Revenue Service (“IRS”) and the various state taxing authorities. The Company’s 2011 federal tax return was reviewed by the IRS and a “no change” report was issued indicating that the IRS is in agreement with the tax positions presented on the 2011 return. The 2013 federal and state income tax returns were timely filed by the extended filing deadline of September 15, 2014.  The Company does not have any known uncertain tax positions and all tax positions are evaluated in accordance with FIN 48.  Any change to or resolution of tax reserves could be material to the Company’s results of operations for any period, but is not expected to be material to the Company’s financial position.
	The Company has recorded a net deferred tax liability of $2.0 million as of September 30, 2014 and a net deferred tax asset of $1.0 million as of December 31, 2013, respectively.
	The calculation of current and deferred income taxes presents management’s assessment of the amount of current and future taxes to be paid. The calculation of deferred tax assets and liabilities is in accordance with ASC 740. These assets and liabilities may be impacted if new information not previously available is considered in future analysis and calculations. Because of the unpredictability and complexity of these future uncertainties the ultimate resolution of the tax payment may be an amount that is materially different from the current estimate of the tax liabilities. As of September 30, 2014 the Company has recorded a net deferred tax liability of $2.0 million. The primary reasons for the shift from a deferred tax asset to a deferred tax liability include the tax impact of the appreciation in the market value of the available-for-sale securities, the resolution of an accrued legal settlement, and the decrease in the unearned premium balance related to the ceding of 30% of policies under a homeowners quota share reinsurance agreement.  Any change in circumstances leading to a change in the tax liability would be recorded in the period that the change in circumstances occurs.
	Our executive offices are located at 14050 N.W. 14th Street, Suite 180, Sunrise, Florida 33323 in an 18,500 square foot office facility. Our original lease for this office space was scheduled to expire in May 2017. During March 2014, we extended our lease term to expire in August 2019 and expanded the leased premises to include an additional 13,642 square feet. All of our operations are consolidated within these facilities. We believe that the facilities are well maintained, in substantial compliance with environmental laws and regulations, and adequately covered by insurance. We also believe that these leased facilities are not unique and could be replaced, if necessary, at the end of the lease term.
	The expected future payments in connection with this lease are as follows.
	Fiscal Year	Payments
		(Dollars in Thousands)
	2014		171
	2015		694
	2016		708
	2017		722
	2018		736
	2019		499
	Total	$	3,530
	The Company is not currently involved in any material legal actions arising from the ordinary course of business that are not related to the insured claims activity.

Investments

Investments	9 Months Ended
	Sep. 30, 2014
Investments [Abstract]	'
Investments	'
	(5) Investments
	FASB issued guidance addresses accounting and reporting for (a) investments in equity securities that have readily determinable fair values and (b) all investments in debt securities. We account for our investment securities consistent with FASB issued guidance that requires our securities to be classified into one of three categories: (i) held-to-maturity, (ii) trading securities or (iii) available-for-sale.
	Investments classified as held-to-maturity include debt securities wherein the Company’s intent and ability are to hold the investment until maturity and are carried at amortized cost without consideration to unrealized gains or losses. Investments classified as trading securities include debt and equity securities bought and held primarily for sale in the near term and are carried at fair value with unrealized holding gains and losses included in current period operations. Investments classified as available-for-sale include debt and equity securities that are not classified as held-to-maturity or as trading security investments and are carried at fair value with unrealized holding gains and losses excluded from earnings and reported as a separate component of shareholders’ equity, namely “Other Comprehensive Income.”
	Total investments increased $98.5 million, or 44.6%, to $319.2 million as of September 30, 2014, compared with $220.7 million as of December 31, 2013. The change is due primarily to our homeowners’ gross written premium, which increased by $99.5 million, or 63.6%, to $255.9 million for the nine months ended September 30, 2014, compared with $156.4 million for the nine months ended September 30, 2013. The increased homeowners’ gross written premium generated additional cash available for investment, of which approximately $59.0 million was transferred to the investment accounts during the nine months ended September 30, 2014.
	The debt and equity securities that are available-for-sale and carried at fair value represent 98% of total investments as of September 30, 2014 and December 31, 2013.
	We did not hold any trading investment securities during the nine months ended September 30, 2014.
	The FASB issued guidance also addresses the determination as to when an investment is considered impaired, whether that impairment is other-than temporary, and the measurement of an impairment loss. The Company’s policy for the valuation of temporarily impaired securities is to determine impairment based on the analysis of the following factors.
	·	rating downgrade or other credit event (eg., failure to pay interest when due);
	·	length of time and the extent to which the fair value has been less than amortized cost;
	·	financial condition and near term prospects of the issuer, including any specific events which may influence the operations of the issuer such as changes in technology or discontinuance of a business segment;
	·	prospects for the issuer’s industry segment;
	·	intent and ability of the Company to retain the investment for a period of time sufficient to allow for anticipated recovery in market value;
	·	historical volatility of the fair value of the security.
	Pursuant to FASB issued guidance, the Company records the unrealized losses, net of estimated income taxes that are associated with that part of our portfolio classified as available-for-sale through the shareholders' equity account titled “Other Comprehensive Income”. Management periodically reviews the individual investments that comprise our portfolio in order to determine whether a decline in fair value below our cost either is other-than temporarily or permanently impaired. Factors used in such consideration include, but are not limited to, the extent and length of time over which the market value has been less than cost, the financial condition and near-term prospects of the issuer and our ability and intent to keep the investment for a period sufficient to allow for an anticipated recovery in market value.
	In reaching a conclusion that a security is either other-than-temporarily or permanently impaired we consider such factors as the timeliness and completeness of expected dividends, principal and interest payments, ratings from nationally recognized statistical rating organizations such as Standard and Poor’s (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”), as well as information released via the general media channels. During the nine months ended September 30, 2014 and 2013, respectively, in connection with the process, we have not charged operations with investment losses.
	As of September 30, 2014 and December 31, 2013, respectively, all of our securities are in good standing and not impaired as defined by FASB issued guidance.
	As of September 30, 2014 and December 31, 2013, our investments consisted primarily of corporate bonds held in various industries, municipal bonds and United States government bonds. As of September 30, 2014, 79% of our debt portfolio was in diverse industries and 21% was in United States government bonds. As of September 30, 2014, approximately 87% of our equity holdings were in equities related to diverse industries and 13% were in mutual funds. As of December 31, 2013, 83% of our debt portfolio was in diverse industries and 17% was in United States government bonds. As of December 31, 2013, approximately 91% of our equity holdings were in equities related to diverse industries and 9% were in mutual funds.
	As of September 30, 2014 and December 31, 2013, we have classified $7.4 million and $7.2 million, respectively, of our bond portfolio as held-to-maturity. We classify bonds as held-to-maturity to support securitization of credit requirements.
	During the nine months ended September 30, 2014, we did not re-classify any of our bond portfolio between available-for-sale and held-to-maturity. During the nine months ended September 30, 2013, we re-classified $0.1 million of our bond portfolio between available-for-sale and held-to-maturity.
	(A) Debt and Equity Securities
	The following table summarizes, by type, our investments as of September 30, 2014 and December 31, 2013.
			30-Sep-14						31-Dec-13
			Carrying Amount			Percent of Total			Carrying Amount			Percent of Total
			(Dollars in Thousands)
	Debt securities, at market:
	United States government obligations and authorities		$	55,643			17.43	%	$	27,209			12.33	%
	Obligations of states and political subdivisions			91,641			28.71	%		52,064			23.59	%
	Corporate			117,150			36.7	%		91,941			41.66	%
	International			10,953			3.43	%		3,698			1.68	%
				275,387			86.27	%		174,912			79.26	%
	Debt securities, at amortized cost:
	United States government obligations and authorities			4,433			1.39	%		4,630			2.1	%
	Corporate			2,673			0.84	%		2,475			1.12	%
	International			246			0.08	%		109			0.05	%
				7,352			2.31	%		7,214			3.27	%
	Total debt securities			282,739			88.58	%		182,126			82.53	%
	Equity securities, at market:			36,463			11.42	%		38,584			17.47	%
	Total investments		$	319,202			100	%	$	220,710			100	%
	The following table shows the realized gains (losses) for debt and equity securities for the three months ended September 30, 2014 and 2013.
			Three Months Ended September 30,
			2014						2013
			Gains (Losses)			Fair Value at Sale			Gains (Losses)			Fair Value at Sale
			(Dollars in Thousands)
	Debt securities		$	241		$	16,413		$	202		$	6,183
	Equity securities			453			1,642			1,274			5,619
	Total realized gains			694			18,055			1,476			11,802
	Debt securities			(20	)		1,627			(421	)		14,462
	Equity securities			(15	)		118			(275	)		1,471
	Total realized losses			(35	)		1,745			(696	)		15,933
	Net realized gains on investments		$	659		$	19,800		$	780		$	27,735
	Net realized investment gains totaled $0.7 million for the three months ended September 30, 2014, compared with $0.8 million during the three months ended September 30, 2013. During the three months ended September 30, 2014, the investment committee directed new invested dollars to the fixed income portfolio.
	The following table shows the realized gains (losses) for debt and equity securities for the nine months ended September 30, 2014 and 2013.
			Nine Months Ended September 30,
			2014						2013
			Gains (Losses)			Fair Value at Sale			Gains (Losses)			Fair Value at Sale
			(Dollars in Thousands)
	Debt securities		$	533		$	38,657		$	1,595		$	36,918
	Equity securities			4,013			12,595			2,437			10,063
	Total realized gains			4,546			51,252			4,032			46,981
	Debt securities			(118	)		8,333			(922	)		37,493
	Equity securities			(381	)		1,639			(630	)		3,049
	Total realized losses			(499	)		9,972			(1,552	)		40,542
	Net realized gains on investments		$	4,047		$	61,224		$	2,480		$	87,523
Net realized investment gains totaled $4.0 million for the nine months ended September 30, 2014, compared with $2.5 million during the nine months ended September 30, 2013. During the nine months ended September 30, 2014, the investment committee decided to increase the fixed income asset allocation by directing new invested dollars and reducing our exposure to equities.
A summary of the amortized cost, estimated fair value and gross unrealized gains and losses of debt and equity securities at September 30, 2014 and December 31, 2013 is as follows.
		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Estimated Fair Value
		(Dollars in Thousands)
30-Sep-14
Debt Securities  - Available-For-Sale:
United States government obligations and authorities		$	55,371		$	469		$	197		$	55,643
Obligations of states and political subdivisions			90,597			1,091			47			91,641
Corporate			115,833			1,613			296			117,150
International			10,909			57			13			10,953
		$	272,710		$	3,230		$	553		$	275,387
Debt Securities  - Held-To-Maturity:
United States government obligations and authorities		$	4,433		$	31		$	243		$	4,221
Corporate			2,673			33			2			2,704
International			246			1			1			246
		$	7,352		$	65		$	246		$	7,171
Equity securities - common stocks		$	29,220		$	7,886		$	643		$	36,463
31-Dec-13
Debt Securities  - Available-For-Sale:
United States government obligations and authorities		$	27,422		$	186		$	399		$	27,209
Obligations of states and political subdivisions			51,883			303			122			52,064
Corporate			91,475			1,233			767			91,941
International			3,731			5			38			3,698
		$	174,511		$	1,727		$	1,326		$	174,912
Debt Securities  - Held-To-Maturity:
United States government obligations and authorities		$	4,630		$	32		$	326		$	4,336
Corporate			2,475			22			17			2,480
International			109			-			1			108
		$	7,214		$	54		$	344		$	6,924
Equity securities - common stocks		$	29,423		$	9,436		$	275		$	38,584
The table below reflects our unrealized investment losses by investment class, aged for length of time in a continuous unrealized loss position as of September 30, 2014.
		Unrealized Losses			Less than 12 months			12 months or longer
		(Dollars in Thousands)
Debt securities:
United States government obligations and authorities		$	197		$	89		$	108
Obligations of states and political subdivisions			47			39			8
Corporate			296			188			108
International			13			13			-
			553			329			224
Equity securities:
Common stocks			643			614			29
Total debt and equity securities		$	1,196		$	943		$	253
The table below reflects our unrealized investment losses by investment class, aged for length of time in a continuous unrealized loss position as of December 31, 2013.
		Unrealized Losses			Less than 12 months			12 months or longer
		(Dollars in Thousands)
Debt securities:
United States government obligations and authorities		$	399		$	391		$	8
Obligations of states and political subdivisions			122			122			-
Corporate			767			761			6
International			38			38			-
			1,326			1,312			14
Equity securities:
Common stocks			275			148			127
Total debt and equity securities		$	1,601		$	1,460		$	141
Below is a summary of debt securities at September 30, 2014 and December 31, 2013, by contractual or expected maturity periods. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
		30-Sep-14						31-Dec-13
		Amortized			Estimated			Amortized			Estimated
		Cost			Fair Value			Cost			Fair Value
		(Dollars in Thousands)
Due in one year or less		$	13,702		$	13,734		$	5,161		$	5,181
Due after one through five years			176,615			177,950			113,027			113,561
Due after five through ten years			89,719			90,841			62,656			62,220
Due after ten years			26			33			881			874
Total		$	280,062		$	282,558		$	181,725		$	181,836
United States Treasury notes with a book value of $61,727 and $2,220,344, maturing in 2016 and 2022, respectively, were on deposit with the Florida OIR as of September 30, 2014, as required by law for FNIC, and are included with other investments held until maturity.
United States Treasury notes with a book value of $62,490 and $2,193,814, maturing in 2016 and 2022, respectively, were on deposit with the Florida OIR as of December 31, 2013, as required by law for FNIC, and are included with other investments held until maturity.
The table below sets forth investment results for the three months ended September 30, 2014 and 2013.
		Three Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
Interest on debt securities		$	1,328		$	691
Dividends on equity securities			121			108
Interest on cash and cash equivalents			1			1
Total investment income		$	1,450		$	800
Net realized gains		$	659		$	780
Proceeds from sales, pay downs and maturities of debt securities and proceeds from sales of equity securities during the three months ended September 30, 2014 and 2013, were approximately $21.8 million and $28.7 million, respectively.
The table below sets forth investment results for the nine months ended September 30, 2014 and 2013.
		Nine Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
Interest on debt securities		$	3,432		$	2,059
Dividends on equity securities			324			320
Interest on cash and cash equivalents			2			3
Total investment income		$	3,758		$	2,382
Net realized gains		$	4,047		$	2,480
Proceeds from sales, pay downs and maturities of debt securities and proceeds from sales of equity securities during the nine months ended September 30, 2014 and 2013, were approximately $65.9 million and $93.1 million, respectively.
The table below sets forth a summary of net realized investment gains (losses) during the three months ended September 30, 2014 and 2013.
		Three Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
Net realized gains (losses)
Debt securities		$	221		$	(219	)
Equity securities			438			999
Total		$	659		$	780
The table below sets forth a summary of net realized investment gains during the nine months ended September 30, 2014 and 2013.
		Nine Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
Net realized gains
Debt securities		$	415		$	673
Equity securities			3,632			1,807
Total		$	4,047		$	2,480
The table below sets forth a summary of net unrealized investment gains as of September 30, 2014 and December 31, 2013.
		Unrealized Gains
		30-Sep-14			31-Dec-13
		(Dollars in Thousands)
Net unrealized gains
Debt securities		$	2,677		$	401
Equity securities			7,243			9,161
Total		$	9,920		$	9,562

Fair_Value_Disclosure

Fair Value Disclosure	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosure [Abstract]	'
Fair Value Disclosure	'
	(6) Fair Value Disclosure
	In April 2009, the FASB issued accounting guidance that if an entity determines that either the volume and/or level of activity for an investment security has significantly decreased (from normal conditions for that investment security) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value. This guidance was effective for interim and annual periods ending after June 15, 2009, with early adoption permitted. This guidance was applied prospectively. The adoption of this guidance did not have an impact on our financial condition, results of operations or cash flows.
	In October 2008, the FASB issued accounting guidance to clarify the application of GAAP in determining fair value of financial instruments in a market that is not active. The guidance was effective upon issuance, including prior periods for which financial statements had not been issued. Our adoption of this guidance did not have a material effect on our financial position, results of operations or cash flows.
	In September 2006, FASB issued accounting guidance that defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants on the measurement date. This guidance also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The guidance also categorizes assets and liabilities at fair value into one of three different levels depending on the observation of the inputs employed in the measurement, as follows.
	Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price for an identical asset or liability in an active market provides the most reliable fair value measurement because it is directly observable to the market.
	Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs are observable for an asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	Level 3 — inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	Securities available-for-sale:  The fair value of securities available-for-sale is determined by obtaining quoted prices on nationally recognized security exchanges.
	Assets measured at fair value on a recurring basis as of September 30, 2014, presented in accordance with this guidance, are as follows.
		As of September 30, 2014
		Level 1		Level 2		Level 3		Total
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	-	$	55,643	$	-	$	55,643
	Obligations of states and political subdivisions		-		91,641		-		91,641
	Corporate		-		117,150		-		117,150
	International		-		10,953		-		10,953
			-		275,387		-		275,387
	Equity securities:
	Common stocks		36,463		-		-		36,463
			36,463		-		-		36,463
	Total debt and equity securities	$	36,463	$	275,387	$	-	$	311,850
	Assets measured at fair value on a recurring basis as of December 31, 2013, presented in accordance with this guidance, are as follows.
		As of December 31, 2013
		Level 1		Level 2		Level 3		Total
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	-	$	27,209	$	-	$	27,209
	Obligations of states and political subdivisions		-		52,064		-		52,064
	Corporate		-		91,941		-		91,941
	International		-		3,698		-		3,698
			-		174,912		-		174,912
	Equity securities:
	Common stocks		38,584		-		-		38,584
			38,584		-		-		38,584
	Total debt and equity securities	$	38,584	$	174,912	$	-	$	213,496

Reinsurance_Agreements

Reinsurance Agreements	9 Months Ended
	Sep. 30, 2014
Reinsurance Agreements [Abstract]	'
Reinsurance Agreements	'
	(7) Reinsurance Agreements
	Financing risk generally involves a combination of risk retention and risk transfer techniques. “Retention”, similar to a deductible, involves financing losses by funds internally generated. “Transfer” involves the existence of a contractual arrangement designed to shift financial responsibility to another party in exchange for premium. Secondary to the primary risk-transfer agreements, we use reinsurance agreements to transfer a portion of the risks insured under our policies to other companies through the purchase of reinsurance. We utilize reinsurance to reduce exposure to catastrophic and non-catastrophic risks and to help manage the cost of capital. Reinsurance techniques are designed to lessen earnings volatility, improve shareholder return, and to support the required statutory surplus requirements. We also use reinsurance to realize an arbitrage of premium rates, benefit from the availability of our reinsurers’ expertise, and benefit from the management of a profitable portfolio of insureds by way of enhanced analytical capacities. Our primary property line that is subject to catastrophic reinsurance is Homeowners’ Multiple Peril. FNIC cedes these risks to domestic and foreign reinsurance participants from Bermuda and Europe as well as to the FHCF.
	Quota share reinsurance is a pro rata agreement among the primary insurer and one or more reinsurers where each party shares a fixed and predetermined percentage of the program's premiums and losses. Excess of loss risk transfer agreements involve the transfer of premium in exchange for reimbursement for claims, if they occur, as a result of specific events such as severe catastrophic weather. For quota share and excess of loss reinsurance, coverage is generally afforded based on meeting predetermined risk characteristics. In contrast, facultative reinsurance is negotiated between the primary insurer and the reinsurer(s) on a case-by-case basis with no obligation on either part to cede or assume share the risk.
	Our reinsurance structures are maintained to protect our insurance subsidiary against the severity of losses on individual claims or unusually serious occurrences in which the frequency and or the severity of claims produce an aggregate extraordinary loss from catastrophic events. In addition to reinsurance agreements, we also from time to time enter into retro-cessionary reinsurance agreements; each designed to shift financial responsibility based on predefined conditions.
	Although reinsurance does not discharge us from our primary obligation to pay for losses insured under the policies we issue, reinsurance does make the assuming reinsurer liable to the insurance subsidiary for the reinsured portion of the risk. A credit risk exposure exists with respect to ceded losses to the extent that any reinsurer is unable or unwilling to meet the obligations assumed under the reinsurance contracts. The collectability of reinsurance is subject to the solvency of the reinsurers, interpretation of contract language and other factors. A reinsurer's insolvency or inability to make payments under the terms of a reinsurance contract could have a material adverse effect on our results of operations and financial condition. Our reinsurance structure has significant risks, including the fact that the FHCF may not be able to raise sufficient money to pay its claims or impair its ability to pay its claims in a timely manner. This could result in significant financial, legal and operational challenges to all property and casualty companies associated with FHCF, including our company.
	The availability and costs associated with the acquisition of reinsurance will vary year to year. These fluctuations, which can be significant, are not subject to our control and may limit our ability to purchase adequate coverage. For example, FHCF continues to restrict its reinsurance capacity and is expected to continue constricting capacity for future seasons. This gradual restriction is requiring us to replace that capacity with private market reinsurance. Our reinsurance program is subject to approval by the Florida OIR and review by Demotech, Inc. (“Demotech”). The recovery of increased reinsurance costs through rate action is not immediate and cannot be presumed and is subject to Florida OIR approval.
	For the 2014–2015 hurricane season, the excess of loss and FHCF treaties insured the property lines for approximately $1.49 billion of aggregate catastrophic losses and LAE with a maximum single event coverage totaling approximately $1.00 billion, with the Company retaining the first $7.0 million in Florida and $3.0 million in Louisiana for losses and LAE from each event. Florida risks represent 98.5%, or $1.46 billion of the $1.49 billion of total aggregate catastrophic losses and LAE. The reinsurance program includes coverage purchased from the private market, which affords optional reinstatement premium protection that provides coverage beyond the first event, along with any remaining coverage from the FHCF. The FHCF only affords coverage for losses sustained in Florida. Coverage afforded by the FHCF totals approximately $546.3 million, or 37.4% of Florida’s $1.46 billion of aggregate catastrophic losses and LAE. The FHCF affords coverage for the entire season, subject to maximum payouts, without regard to any particular insurable event.
	The estimated cost to the Company for the excess of loss reinsurance products for the 2014–2015 hurricane season, inclusive of approximately $41.0 million payable to the FHCF and the prepaid automatic premium reinstatement protection, is approximately $117.4 million.
	Included in this year’s program is a 30% quota share reinsurance treaty for the Company’s in-force new and renewal homeowners’ insurance program in the State of Florida. This two-year quota share reinsurance treaty provides 30% of $200 million of aggregate catastrophe coverage per year with maximum single event coverage of 30% of $100 million per year. The approximate cost of this quota share is projected to be $6.7 million per year, net of ceding commissions, and it is included in the $117.4 million amount referenced above. The quota share treaty contains commutation provisions for the Company to share profits based on loss experience during the term of the treaty.
	The 30% quota share reinsurance treaty described above contains profit sharing provisions that will adjust over its two-year term depending on the Company’s loss experience from catastrophic and non-catastrophic events during the term. The frequency and severity of catastrophic events, coupled with non-catastrophic loss experience, will determine the ultimate profit share, if any. In accordance with GAAP, the Company will initially recognize an asset and liability and the resultant net income or loss. For example, deferred quota-share profit sharing totaled $12.3 million as of September 30, 2014. The deferred quota-share profit sharing was originally recorded at $14.0 million at the program's July 1, 2014 inception and will continue to amortize over the life of the program. Subsequently, the Company will adjust the value of the asset and liability based on information available at the time of valuation. Upward and downward adjustments to the asset’s value will affect the Company’s results of operations by increasing or decreasing net income in the period of the adjustment.
	The 2014-2015 private reinsurance companies and their respective A.M. Best Company (“A.M. Best”) and S&P ratings are listed in the table as follows.
	Reinsurer	A.M. Best Rating			S&P Rating
	UNITED STATES
	American Agricultural Insurance Company		A-			NR
	American Standard Insurance Company of Wisconsin		A			NR
	AIG (National Union Fire Insurance Company of Pittsburgh, PA)		A			A+
	Everest Reinsurance Company		A+			A+
	Odyssey Reinsurance Company		A			A-
	QBE Reinsurance Corporation		A			A+
	RLI Insurance Company		A+			A+
	Transatlantic Reinsurance Company		A			A+
	BERMUDA
	ACE Tempest Reinsurance Limited		A++			AA-
	Allied World Assurance Company, Limited		A			A
	Arch Reinsurance Limited		A+			A+
	Argo Reinsurance Limited		A			NR
	Ariel Reinsurance Bermuda Ltd for and on Behalf of Ariel Syndicate 1910 (ARE)		A-			A+
	Aspen Bermuda Limited		A			A
	AXIS Specialty Limited		A+			A+
	BGS Services (Bermuda) Limited/Lloyds Syndicate 2987		A			A+
	DaVinci Reinsurance Ltd		A			AA-
	Endurance Specialty Insurance Limited		A			A
	Hamilton Re, Limited		A-			NR
	Hiscox Insurance Company (Bermuda) Limited		A			NR
	Partner Reinsurance Company Limited		A+			A+
	Platinum Underwriters Bermuda Limited		A			A-
	Renaissance Reinsurance, Limited		A+			AA-
	Securis Re III Limited Bermuda		NR	*	**	NR
	Securis Re IV Limited Bermuda		NR	*	**	NR
	Tokio Millennium Re AG, Bermuda Branch		A++			AA-
	XL RE Limited		A			A+
	UNITED KINGDOM
	A.F. Beazley Syndicate No. 623 (AFB)		A			A+
	A.F. Beazley Syndicate No. 2623 (AFB)		A			A+
	Amlin Syndicate No. 2001 (AML)		A			A+
	Antares Syndicate No. 1274 (AUL)		A			A+
	Ariel Syndicate No. 1910 (ARE)		A			A+
	ARK Syndicate No. 4020 (ARK)		A			A+
	Ascot Syndicate No. 1414 (ASC)		A			A+
	Barbican Syndication No. 1955 (BAR)		A			A+
	Canopius Syndicate No. 958 (CNP)		A			A+
	Canopius Syndicate No. 4444 (CNP)		A			A+
	Cathederal Syndicate No. 2010 (MMX)		A			A+
	Chaucer Syndicate No. 1084 (CSL)		A			A+
	Dale Underwriting Syndicate No. 1729 (DUW)		A			A+
	Faraday Syndicate No. 435 (FDY)		A			A+
	Hiscox Syndicate No. 0033 (HIS)		A			A+
	Kiln Syndicate No. 510 (KLN)		A			A+
	Liberty Syndicates Services Limited, Paris for and on behalf of Lloyd's Syndicate No. 4472 (LIB)		A			A+
	MAP Underwriting Syndicate No. 2791 (MAP)		A			A+
	MAP Underwriting Syndicate No. 2791 (Parallel) (MAP)		A			A+
	Novae Syndicate No. 2007 (NVA)		A			A+
	S.J.O, Catlin & Others No. 2003 (SJC)		A			A+
EUROPE
Amlin AG, Switzerland, Bermuda Branch		A			A
Hannover Rueck SE (obo Pillar Capital Management)		NR	*	**	NR
Lansforsakringar Sak Forsakringsaktiebolag (publ)		NR			A
SCOR Global P&C SE, Paris, Zurich Branch		A			A
ASIA
China Reinsurance (Group) Corporation		A			NR
Qatar Reinsurance Company LLC		A			A
* Reinstatement Premium Protection Program Participants
** Participant will fund a trust agreement for their exposure with cash and U.S. Government obligations of American institutions at fair market value.
For the 2013–2014 hurricane season, the excess of loss and FHCF treaties insured the property lines for approximately $562.7 million of aggregate catastrophic losses and LAE with a maximum single event coverage totaling approximately $420.4 million, with the Company retaining the first $7.0 million of losses and LAE for each event. The reinsurance program includes coverage purchased from the private market, which affords optional reinstatement premium protection that provides coverage beyond the first event, along with any remaining coverage from the FHCF. Coverage afforded by the FHCF totals approximately $278.1 million, or 49.4% of the $562.7 million of aggregate catastrophic losses and LAE. The FHCF affords coverage for the entire season, subject to maximum payouts, without regard to any particular insurable event.
The estimated cost to the Company for the excess of loss reinsurance products for the 2013-2014 hurricane season, inclusive of approximately $21.7 million payable to the FHCF and the prepaid automatic premium reinstatement protection, is approximately $67.9 million.
The 2013-2014 private reinsurance companies and their respective A.M. Best and S&P ratings are listed in the table as follows.
Reinsurer	A.M. Best Rating			S&P Rating
UNITED STATES
American Agricultural Insurance Company		A-			NR
Everest Reinsurance Company		A+			A+
Houston Casualty Company, UK Branch		A			A+
Odyssey Reinsurance Company		A			A-
BERMUDA
ACE Tempest Reinsurance Limited		A+			AA-
Allied World Assurance Company Limited, Bermuda		A			A
Arch Reinsurance Limited		A+			A+
Argo Reinsurance Limited		A			NR
Ariel Reinsurance Bermuda Ltd for and on Behalf of Ariel Syndicate 1910 (ARE)		A-			NR
DaVinci Reinsurance Ltd		A			A+
Endurance Specialty Insurance Limited		A			A
JC Re Ltd. (aka Pillar Capital and fka Juniperus & Actua Re Ltd.)		NR	*	**	NR
Partner Reinsurance Company Limited		A+			A+
Platinum Underwriters Bermuda Limited		A			A-
Renaissance Reinsurance Ltd		A+			AA-
S.A.C. Re, Ltd.		A-			NR
XL Re Limited		A			A
UNITED KINGDOM
A.F. Beazley Syndicate No. 623 (AFB)		A			A+
A.F. Beazley Syndicate No. 2623 (AFB)		A			A+
Amlin Syndicate No. 2001 (AML)		A			A+
Ariel Syndicate No. 1910 (ARE)		A			A+
ARK Syndicate No. 3902 (NOA)		A			A+
Ascot Syndicate No. 1414 (ASC)		A			A+
Barbican Syndication No. 1955 (BAR)		A			A+
Canopius Syndicate No. 958 (CNP)		A			A+
Canopius Syndicate No. 4444 (CNP)		A			A+
Cathederal Syndicate No. 2010 (MMX)		A			A+
Kiln Syndicate No. 510 (KLN)		A			A+
Liberty Syndicates Services Limited, Paris for and on behalf of Lloyd's Syndicate  No. 4472 (LIB)		NR			A+
MAP Underwriting Syndicate No. 2791 (MAP)		A			A+
MAP Underwriting Syndicate No. 2791 (Parallel) (MAP)		A			A+
Novae Syndicate No. 2007 (NVA)		A			A+
Pembroke Syndicate No. 4000 (PEM)		A			A+
Tokio Marine Kiln Syndicate No. 1880 (TMK)		A			A+
EUROPE
Amlin Bermuda (Branch of Amlin AG)		A			A
SCOR Global P&C SE		A			A
* Reinstatement Premium Protection Program Participants
** Participant will fund a trust agreement for their exposure with cash and U.S. Government obligations of American institutions at fair market value.
Annually, the cost and amounts of reinsurance are based on management's analysis of FNIC's exposure to catastrophic risk as of June 30 and estimated to September 30. Our data is then subjected to actual exposure level analysis as of September 30. This analysis of our exposure level in relation to the total exposures to the FHCF and excess of loss treaties may produce changes in limits and reinsurance premiums as a result of the reconciliation of estimated to actual exposure level. The September 30, 2014 change to total insured value was an increase of $5.4 billion or 8.2% and the change to reinsurance premiums are not yet available. The September 30, 2013 change to total insured value was an increase of $8.7 billion or 25.3% and the change to reinsurance premiums was an increase of $8.3 million or 13.3%. These adjustments are amortized over the remaining underlying policy term.
To date, we have made no claims asserted against our reinsurers in connection with the 2014–2015 and 2013–2014 excess of loss and FHCF treaties.
The quota share retrocessionaire reinsurance agreements require FNIC to securitize credit, regulatory and business risk. Fully funded trust agreements totaled $4.8 million and $4.9 million as of September 30, 2014 and December 31, 2013.
We are selective in choosing reinsurers and consider numerous factors, the most important of which are the financial stability of the reinsurer, their history of responding to claims and their overall reputation. In an effort to minimize our exposure to the insolvency of a reinsurer, we evaluate the acceptability and review the financial condition of the reinsurer at least annually.

Unpaid_losses_and_LAE

Unpaid losses and LAE	9 Months Ended
	Sep. 30, 2014
Unpaid losses and LAE [Abstract]	'
Unpaid losses and LAE	'
	(8) Unpaid losses and LAE
	The liability for unpaid losses and LAE is determined on an individual-case basis for all incidents reported. The liability also includes amounts for unallocated expenses, anticipated future claim development and Incurred but Not Yet Reported (“IBNR”).
	Activity in the liability for unpaid losses and LAE is summarized as follows.
		Period Ending
		30-Sep-14			31-Dec-13
		(Dollars in Thousands)
	Balance at January 1	$	61,016		$	49,908
	Less reinsurance recoverables		(2,742	)		(3,503	)
	Net balance at January 1	$	58,274		$	46,405
	Incurred related to
	Current year	$	56,818		$	56,209
	Prior years		3,658			201
	Total incurred	$	60,476		$	56,410
	Paid related to
	Current year	$	24,153		$	22,695
	Prior years		30,723			21,846
	Total paid	$	54,876		$	44,541
	Net balance at period end	$	63,874		$	58,274
	Plus reinsurance recoverables		9,235			2,742
	Balance as of period end	$	73,109		$	61,016
	Based upon consultations with our independent actuarial consultants, we believe that the liability for unpaid losses and LAE is adequate to cover all claims and related expenses that may arise from incidents reported.
	Our review of the liability for losses and LAE includes a re-evaluation of the adequacy of reserve levels for prior year’s claims. We increased the liability for losses and LAE for claims occurring in prior years by $3.7 million during the nine months ended September 30, 2014. This development is attributable to adverse decisions on matters beyond the insurance company policy limits. These matters are resolved and further development is unlikely. We increased the liability for losses and LAE for claims occurring in prior years by $0.2 million during the year ended December 31, 2013.
	We continue to revise our estimates of the ultimate financial impact of claims made resulting from past storms. The revisions to our estimates are based on our analysis of subsequent information that we receive regarding various factors, including: (i) per claim information; (ii) Company and industry historical loss experience; (iii) legislative enactments, judicial decisions, legal developments in the awarding of damages, and (iv) trends in general economic conditions, including the effects of inflation.

Stock_Compensation_Plans

Stock Compensation Plans	9 Months Ended
	Sep. 30, 2014
Stock Compensation Plans [Abstract]	'
Stock Compensation Plans	'
	(9) Stock Compensation Plans
	We implemented a stock option plan in 1998 (the “1998 Plan”), which expired in September 2008. Under this plan, we were authorized to grant options to purchase up to 900,000 common shares, and as of September 30, 2014 and December 31, 2013, we had outstanding exercisable options to purchase zero and 3,000 shares, respectively.
	We implemented a stock option plan in 2002 (the “2002 Plan”), which expired in April 2012.  Under this plan, we were authorized to grant options to purchase up to 1,800,000 common shares, and as of September 30, 2014 and December 31, 2013, we had outstanding exercisable options to purchase 250,303 and 523,521 shares, respectively.
	In April 2012, our Board of Directors adopted, and in September 2012 our shareholders approved, the Company’s 2012 Stock Incentive Plan (the “2012 Plan”). The 2012 Plan permits the issuance of up to 1,000,000 shares of our common stock, subject to adjustment as provided for in the 2012 Plan, in connection with the grant of a variety of equity incentive awards, such as incentive stock options, non-qualified stock options, stock appreciation rights, dividend equivalent rights, restricted stock, restricted stock units, and performance shares. Officers, directors and executive, managerial, administrative and professional employees of the Company and its subsidiaries are eligible to participate in the 2012 Plan. Awards may be granted singly, in combination, or in tandem. The 2012 Plan was amended and restated in March 2013 to clarify the plan administrator’s authority to permit the vesting of unvested restricted shares in the event of the death of the grantee. The 2012 Plan will expire on April 5, 2022.
	On March 4, 2013, a total of 100,000 restricted shares from the 2012 Plan were granted pursuant to the vesting requirements and other terms and conditions set forth in restricted stock agreements. Of the total, 25,000 shares were granted to the Company's Chief Executive Officer and President and 15,000 shares were granted to the Company's Chief Financial Officer. An aggregate of 20,000 shares were granted to the Company's directors and the remaining 40,000 shares were granted to other employees of the Company.
	On August 5, 2013, a total of 150,000 restricted shares from the 2012 Plan were granted pursuant to the vesting requirements and other terms and conditions set forth in restricted stock agreements. Of the total, 100,000 shares were granted to the Company's Chief Executive Officer and President and 50,000 shares were granted to the Company's Chief Financial Officer.
	On March 4, 2014, a total of 88,648 restricted shares from the 2012 Plan were granted pursuant to the vesting requirements and other terms and conditions set forth in restricted stock agreements. Of the total, 43,997 shares were granted to the Company's Chief Executive Officer and President and 16,341 shares were granted to the Company's Chief Financial Officer. An aggregate of 15,710 shares were granted to the Company's directors and the remaining 12,600 shares were granted to other employees of the Company.
	On September 9, 2014, a total of 130,000 restricted shares from the 2012 Plan were granted pursuant to the vesting requirements and other terms and conditions set forth in restricted stock agreements. Of the total, 45,000 shares were granted to the Company's Chief Executive Officer and President and 15,000 shares were granted to the Company's Chief Financial Officer. An aggregate of 50,000 shares were granted to the Company's directors and the remaining 20,000 shares were granted to other employees of the Company.
	FASB issued guidance requires that when valuing an employee stock option under the Black-Scholes option pricing model, the fair value be based on the option’s expected term and expected volatility rather than the contractual term. The estimate of the fair value on the grant date should reflect the assumptions marketplace participants now use on the date of the measurement (i.e. grant date). During 2011, management changed the expected term in the Black –Scholes option pricing model from four years to two years for new options granted.  Management believes that share price volatility over the last two years is more indicative of future share price volatility. The change has had an immaterial impact on the financial statements.
	Activity in our stock option and incentive plans for the period from January 1, 2012 to September 30, 2014 is as follows.
			1998 Plan					2002 Plan					2012 Plan
			Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Fair Market Value at Grant
	Outstanding at January 1, 2012			89,750		$	12.83		624,700		$	6.15		-		$	-
	Granted			-		$	-		181,500		$	4.4		-		$	-
	Exercised			-		$	-		(33,104	)	$	3.86		-		$	-
	Cancelled			(11,250	)	$	13.54		(70,499	)	$	12.45		-		$	-
	Outstanding at January 1, 2013			78,500		$	12.73		702,597		$	5.17		-		$	-
	Granted			-		$	-		-		$	-		250,000		$	8.23
	Exercised			(500	)	$	8.67		(165,577	)	$	7.15		-		$	-
	Cancelled			(75,000	)	$	12.92		(13,499	)	$	5.41		(500	)	$	5.54
	Outstanding at January 1, 2014			3,000		$	8.67		523,521		$	4.54		249,500		$	8.24
	Granted			-		$	-		-		$	-		218,648		$	21.66
	Exercised			(3,000	)	$	8.67		(268,984	)	$	5.31		(68,988	)	$	18.67
	Cancelled			-		$	-		(4,234	)	$	3.5		(846	)	$	7.73
	Outstanding at September 30, 2014			-		$	-		250,303		$	3.73		398,314		$	13.8
	Options outstanding as of September 30, 2014 are exercisable as follows.
			1998 Plan					2002 Plan
	Options Exercisable at:		Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Weighted Average Option Exercise Price
	30-Sep-14			-		$	-		181,603		$	3.73
	31-Dec-14			-		$	-		1,000		$	3.73
	31-Dec-15			-		$	-		67,700		$	3.73
	31-Dec-16			-		$	-		-		$	3.73
	31-Dec-17			-		$	-		-		$	3.73
	31-Dec-18			-		$	-		-		$	3.73
	Thereafter			-		$	-		-		$	3.73
	Total options exercisable			-					250,303
	Upon the exercise of options, the Company issues authorized shares.
	Prior to January 1, 2006, we accounted for the plans under the recognition and measurement provisions of stock-based compensation using the intrinsic value method prescribed by the APB and related Interpretation, as permitted by FASB issued guidance. Under these provisions, no stock-based employee compensation cost was recognized in the Statement of Operations as all options granted under those plans had an exercise price equal to or less than the market value of the underlying common stock on the date of grant.
	Effective January 1, 2006, the Company adopted the fair value recognition provisions of FASB issued guidance using the modified-prospective-transition method. Under that transition method, compensation costs recognized during 2014 and 2013 include the following.
	·	Compensation cost for all share-based payments granted prior to, but not yet vested as of January 1, 2006, based on the grant date fair value estimated in accordance with the original provisions of FASB issued guidance, and
	·	Compensation cost for all share-based payments granted subsequent to January 1, 2006, based on the grant-date fair-value estimated in accordance with the provisions of FASB issued guidance. Results for prior periods have not been restated, as they are not required to be by the pronouncement.
	As a result of adopting FASB issued guidance on January 1, 2006, the Company’s income from continuing operations before provision for income tax expense and net income for the three months ended September 30, 2014 are lower by approximately $367,000 and $228,000, respectively, than if it had continued to account for share-based compensation under APB guidance. The Company’s income from continuing operations before provision for income tax expense and net income for the three months ended September 30, 2013 are lower by approximately $132,000 and $82,000, respectively, than if it had continued to account for share-based compensation under APB guidance.
	As a result of adopting FASB issued guidance on January 1, 2006, the Company’s income from continuing operations before provision for income tax expense and net income for the nine months ended September 30, 2014 are lower by approximately $831,000 and $518,000, respectively, than if it had continued to account for share-based compensation under APB guidance. The Company’s income from continuing operations before provision for income tax expense and net income for the nine months ended September 30, 2013 are lower by approximately $287,000 and $179,000, respectively, than if it had continued to account for share-based compensation under APB guidance.
	Basic and diluted earnings per share for the three months ended September 30, 2014 would have been $0.59 and $0.58, respectively, if the Company had not adopted FASB issued guidance, compared with reported basic and diluted earnings per share of $0.57 and $0.56, respectively. Basic and diluted earnings per share for the three months ended September 30, 2013 would have been $0.42 and $0.40, respectively, if the Company had not adopted FASB issued guidance, compared with reported basic and diluted earnings per share of $0.41 and $0.39, respectively.
	Basic and diluted earnings per share for the nine months ended September 30, 2014 would have been $2.39 and $2.32, respectively, if the Company had not adopted FASB issued guidance, compared with reported basic and diluted earnings per share of $2.35 and $2.28, respectively.  Basic and diluted earnings per share for the nine months ended September 30, 2013 would have been $1.04 and $1.01, respectively, if the Company had not adopted FASB issued guidance, compared with reported basic and diluted earnings per share of $1.02 and $0.99, respectively.
	Because the change in income taxes payable includes the effect of excess tax benefits, those excess tax benefits also must be shown as a separate operating cash outflow so that operating cash flows exclude the effect of excess tax benefits. FASB issued guidance requires the cash flows resulting from the tax benefits resulting from tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) to be classified as financing cash flows.
	Summary information about the Company’s stock option plans at September 30, 2014 is as follows.
			Range of Exercise Price			Outstanding at September 30, 2014		Weighted Average Contractual Periods in Years			Weighted Average Exercise Price		Exercisable at September 30, 2014
	1998 Plan		$	-			-		-		$	-		-
	2002 Plan		$	2.45 - $4.59			250,303		6.56		$	3.73		181,603

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity [Abstract]	'
Stockholders' Equity	'
	(10) Stockholders’ Equity
	Capital Stock
	The Company’s authorized capital consists of 1,000,000 shares of preferred stock, par value $0.01 per share, and 25,000,000 shares of common stock, par value $0.01 per share. As of September 30, 2014, there were no preferred shares issued or outstanding and there were 13,594,962 shares of common stock outstanding.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	(11) Subsequent Events
	Operations to selectively distribute homeowners’ insurance to targeted coastal counties in Alabama began in October of 2014. These operations, in conjunction with the on-going homeowners’ operations in Florida and Louisiana, reflect FNIC’s intentions to manage a well-balanced regional portfolio of homeowners’ risks.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies and Practices (Policies)	9 Months Ended
	Sep. 30, 2014
Summary of Significant Accounting Policies and Practices [Abstract]	'
Critical Accounting Policies	'
	(A)  Critical Accounting Policies
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the amounts reported in the financial statements and accompanying notes. Future events and their effects cannot be determined with absolute certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results inevitably will differ from those estimates, and such differences may be material to the financial statements.
	The most significant accounting estimates inherent in the preparation of our financial statements include estimates associated with management’s evaluation of the determination of (i) liability for unpaid losses and LAE, (ii) the amount and recoverability of amortization of DPAC, and (iii) estimates for our reserves with respect to finance contracts, premiums receivable and deferred income taxes. Various assumptions and other factors underlie the determination of these significant estimates, which are described in greater detail in Footnote 2 of the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2013, which we included in the Company’s Annual Report on Form 10-K which was filed with the SEC on March 17, 2014.
	We believe that there were no significant changes in those critical accounting policies and estimates during the nine months ended September 30, 2014. Senior management has reviewed the development and selection of our critical accounting policies and estimates and their disclosure in this Form 10-Q with the Audit Committee of our Board of Directors.
	The process of determining significant estimates is fact-specific and takes into account factors such as historical experience, current and expected economic conditions, and in the case of unpaid losses and LAE, an actuarial valuation. Management regularly reevaluates these significant factors and makes adjustments where facts and circumstances dictate. In selecting the best estimate, we utilize various actuarial methodologies. Each of these methodologies is designed to forecast the number of claims we will be called upon to pay and the amounts we will pay on average to settle those claims. In arriving at our best estimate, our actuaries consider the likely predictive value of the various loss development methodologies employed in light of underwriting practices, premium rate changes and claim settlement practices that may have occurred, and weigh the credibility of each methodology. Our actuarial methodologies take into account various factors, including, but not limited to, paid losses, liability estimates for reported losses, paid allocated LAE, salvage and other recoveries received, reported claim counts, open claim counts and counts for claims closed with and without payment for loss.
	Accounting for loss contingencies pursuant to Financial Accounting Standards Board (“FASB”) issued guidance involves the existence of a condition, situation or set of circumstances involving uncertainty as to possible loss that will ultimately be resolved when one or more future event(s) occur or fail to occur. Additionally, accounting for a loss contingency requires management to assess each event as probable, reasonably possible or remote. Probable is defined as the future event or events are likely to occur. Reasonably possible is defined as the chance of the future event or events occurring is more than remote but less than probable, while remote is defined as the chance of the future event or events occurring is slight. An estimated loss in connection with a loss contingency shall be recorded by a charge to current operations if both of the following conditions are met: First, the amount can be reasonably estimated, and second, the information available prior to issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements. It is implicit in this condition that it is probable that one or more future events will occur confirming the fact of the loss or incurrence of a liability.
	We are required to review the contractual terms of all our reinsurance purchases to ensure compliance with FASB issued guidance. The guidance establishes the conditions required for a contract with a reinsurer to be accounted for as reinsurance and prescribes accounting and reporting standards for those contracts. Contracts that do not result in the reasonable possibility that the reinsurer may realize a significant loss from the insurance risk assumed generally do not meet the conditions for reinsurance accounting and must be accounted for as deposits. The guidance also requires us to disclose the nature, purpose and effect of reinsurance transactions, including the premium amounts associated with reinsurance assumed and ceded. It also requires disclosure of concentrations of credit risk associated with reinsurance receivables and prepaid reinsurance premiums.
	FASB issued guidance addresses accounting and reporting for (a) investments in equity securities that have readily determinable fair values and (b) all investments in debt securities. We account for our investment securities consistent with FASB issued guidance that requires our securities to be classified into one of three categories: (i) held-to-maturity, (ii) trading securities or (iii) available-for-sale.
	Investments classified as held-to-maturity include debt securities wherein the Company’s intent and ability are to hold the investment until maturity and are carried at amortized cost without consideration to unrealized gains or losses. Investments classified as trading securities include debt and equity securities bought and held primarily for sale in the near term and are carried at fair value with unrealized holding gains and losses included in current period operations. Investments classified as available-for-sale include debt and equity securities that are not classified as held-to-maturity or as trading security investments and are carried at fair value with unrealized holding gains and losses excluded from earnings and reported as a separate component of shareholders’ equity, namely “Other Comprehensive Income.”
	Premiums and discounts are amortized or accreted, respectively, over the life of the related debt security as an adjustment to yield using a method that approximates the effective interest method. Dividends and interest income are recognized when earned. Realized gains and losses are included in earnings and are derived using the specific-identification method for determining the cost of securities sold.
	Financial instruments, which potentially expose us to concentrations of credit risk, consist primarily of investments, premiums receivable, amounts due from reinsurers on paid and unpaid losses and finance contracts. We have not experienced significant losses related to premiums receivable from individual policyholders or groups of policyholders in a particular industry or geographic area. We believe no credit risk beyond the amounts provided for collection losses is inherent in our premiums receivable or finance contracts. In order to reduce credit risk for amounts due from reinsurers, we seek to do business with financially sound reinsurance companies and regularly review the financial strength of all reinsurers used. Additionally, our credit risk in connection with our reinsurers is mitigated by the establishment of irrevocable clean letters of credit in favor of FNIC.
	The fair value of our investments is estimated based on prices published by financial services or quotations received from securities dealers and is reflective of the interest rate environment that existed as of the close of business on September 30, 2014 and December 31, 2013. Changes in interest rates subsequent to September 30, 2014 and December 31, 2013 may affect the fair value of our investments.
	The carrying amounts for the following financial instrument categories approximate their fair values at September 30, 2014 and December 31, 2013 because of their short-term nature: cash and short term investments, premiums receivable, finance contracts, due from reinsurers, revolving credit outstanding, bank overdraft, accounts payable and accrued expenses.
Impact of New Accounting Pronouncements	'
	(B) Impact of New Accounting Pronouncements
	In June 2014, the FASB issued Accounting Standard Update (“ASU”) No. 2014-12: Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period, a consensus of the FASB Emerging Issues Task Force.  The amendments in this ASU apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period.  That is the case when an employee is eligible to retire or otherwise terminate employment before the end of the period in which a performance target (for example, an initial public offering or a profitability target) could be achieved and still be eligible to vest in the award if and when the performance target is achieved.  The amendments in the ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  Current U.S. GAAP does not contain explicit guidance on whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of an award.  The amendments in this ASU provide explicit guidance for those awards.    The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015, and, earlier adoption is permitted.  The adoption of the amendments in this ASU will not have a material impact on our financial position, results of operations or cash flows.
	In July 2013, the FASB issued Accounting Standard Update (“ASU”) No. 2013-11: Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  Topic 740, Income Taxes, does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists, and there is diversity in practice in the presentation of unrecognized tax benefit in those instances.  The objective of the amendments in this ASU is to eliminate that diversity in practice.  The ASU applies to all entities that have unrecognized tax benefits when a net operating loss carry forward, a similar tax loss, or a tax credit carryforward exists at the operating date. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013 and early adoption is permitted.  The amendments in this ASU should be applied prospectively to all unrecognized tax benefits that exist at the effective date and   retrospective application is permitted.  The adoption of the amendments in this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In February 2013, the FASB issued ASU No. 2013-02: Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.  The objective of this ASU is to improve the reporting of reclassifications out of accumulated other comprehensive income.  The amendments require an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety in net income.  For other amounts that are not required to be reclassified to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts.  The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements.  The ASU is effective prospectively for reporting periods beginning after December 15, 2012.  The adoption of these amendments did not have a material impact on our financial condition, results of operations or cash flows.
	In January 2013, the FASB issued ASU No. 2013-01: Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The objective of this ASU is to clarify the scope of offsetting disclosures and to address implementation issues with ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.  The amendments clarify that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions.  An entity is required to apply the amendments for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods.  An entity should provide the required disclosures retrospectively for all comparative periods.  The adoption of these amendments did not have a material impact on our financial condition, results of operations or cash flows.
	In July 2012, the FASB issued ASU No. 2012-02: Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. The objective of the amendments in this ASU is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories.  The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30.  The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent.   Upon adoption, these amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012; early adoption is permitted.  The adoption of these amendments did not have a material impact on our financial condition, results of operations or cash flows.
	In June 2011, the FASB issued ASU No. 2011-05: Comprehensive Income (Topic 220):  Presentation of Comprehensive Income. The guidance in this ASU is intended to increase the prominence of items reported in other comprehensive income in the financial statements by presenting the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. This ASU eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. The guidance in this ASU does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. Upon adoption, this update is to be applied retrospectively and is effective during interim and annual periods beginning after December 15, 2011.  Early adoption is permitted. The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In December 2011, the FASB issued ASU No. 2011-12:  Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05.  The guidance defers certain provisions contained in ASU No. 2011-05 requiring the requirement to present components of reclassifications of other comprehensive income on the face of the income statement or in the notes to the financial statements. However, this deferral does not impact the other requirements contained in the new standard on comprehensive income as described above. This ASU is effective during interim and annual periods beginning after December 15, 2011.  The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In September 2011, the FASB issued ASU No. 2011-08: Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment, which amends ASC Topic 350, Intangibles – Goodwill and Other. The guidance in this ASU permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in ASC Topic 350. Under the amendments in this ASU, an entity is not required to calculate the fair value of a reporting unit unless the entity determines that it is more likely than not that its fair value is less than its carrying amount. The amendments are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011, if an entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	In December 2011, the FASB issued ASU No. 2011-11: Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities, which requires new disclosure requirements mandating that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements. This ASU is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The adoption of this ASU did not have a material impact on our financial condition, results of operations or cash flows.
	Other recent accounting pronouncements issued by FASB, the American Institute of Certified Public Accountants (“AICPA”), and the SEC did not or are not believed by management to have a material impact on the Company’s present or future financial statements.
Stock Options	'
	(C) Stock Options
	Pursuant to FASB issued guidance, compensation cost recognized during the nine months ended September 30, 2014 includes compensation cost for all share-based payments granted subsequent to January 1, 2006, based on the grant date fair value estimated in accordance with the guidance.
Earnings (Loss) per Share	'
	(D) Earnings per Share
	Basic earnings per share (“Basic EPS”) is computed by dividing net income by the weighted average number of common shares outstanding during the period presented. Diluted earnings per share (“Diluted EPS”) is computed by dividing net income by the weighted average number of shares of common stock and common stock equivalents outstanding during the period presented.
Reclassifications	'
	(E) Reclassifications
	No material reclassification of the 2013 financial statements was necessary to conform to the 2014 presentation.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Abstract]	'
Expected future lease payments	'
	The expected future payments in connection with this lease are as follows.
	Fiscal Year	Payments
		(Dollars in Thousands)
	2014		171
	2015		694
	2016		708
	2017		722
	2018		736
	2019		499
	Total	$	3,530

Investments_Tables

Investments (Tables)	9 Months Ended
	Sep. 30, 2014
Investments [Abstract]	'
Schedule of investments	'
	The following table summarizes, by type, our investments as of September 30, 2014 and December 31, 2013.
		30-Sep-14						31-Dec-13
		Carrying Amount			Percent of Total			Carrying Amount			Percent of Total
		(Dollars in Thousands)
	Debt securities, at market:
	United States government obligations and authorities	$	55,643			17.43	%	$	27,209			12.33	%
	Obligations of states and political subdivisions		91,641			28.71	%		52,064			23.59	%
	Corporate		117,150			36.7	%		91,941			41.66	%
	International		10,953			3.43	%		3,698			1.68	%
			275,387			86.27	%		174,912			79.26	%
	Debt securities, at amortized cost:
	United States government obligations and authorities		4,433			1.39	%		4,630			2.1	%
	Corporate		2,673			0.84	%		2,475			1.12	%
	International		246			0.08	%		109			0.05	%
			7,352			2.31	%		7,214			3.27	%
	Total debt securities		282,739			88.58	%		182,126			82.53	%
	Equity securities, at market:		36,463			11.42	%		38,584			17.47	%
	Total investments	$	319,202			100	%	$	220,710			100	%
Realized gains (losses) for debt and equity securities	'
	The following table shows the realized gains (losses) for debt and equity securities for the three months ended September 30, 2014 and 2013.
		Three Months Ended September 30,
		2014						2013
		Gains (Losses)			Fair Value at Sale			Gains (Losses)			Fair Value at Sale
		(Dollars in Thousands)
	Debt securities	$	241		$	16,413		$	202		$	6,183
	Equity securities		453			1,642			1,274			5,619
	Total realized gains		694			18,055			1,476			11,802
	Debt securities		(20	)		1,627			(421	)		14,462
	Equity securities		(15	)		118			(275	)		1,471
	Total realized losses		(35	)		1,745			(696	)		15,933
	Net realized gains on investments	$	659		$	19,800		$	780		$	27,735
	The following table shows the realized gains (losses) for debt and equity securities for the nine months ended September 30, 2014 and 2013.
		Nine Months Ended September 30,
		2014						2013
		Gains (Losses)			Fair Value at Sale			Gains (Losses)			Fair Value at Sale
		(Dollars in Thousands)
	Debt securities	$	533		$	38,657		$	1,595		$	36,918
	Equity securities		4,013			12,595			2,437			10,063
	Total realized gains		4,546			51,252			4,032			46,981
	Debt securities		(118	)		8,333			(922	)		37,493
	Equity securities		(381	)		1,639			(630	)		3,049
	Total realized losses		(499	)		9,972			(1,552	)		40,542
	Net realized gains on investments	$	4,047		$	61,224		$	2,480		$	87,523
Summary of the amortized cost, estimated fair value and gross unrealized gains and losses of debt and equity securities	'
	A summary of the amortized cost, estimated fair value and gross unrealized gains and losses of debt and equity securities at September 30, 2014 and December 31, 2013 is as follows.
		Amortized Cost			Gross Unrealized Gains			Gross Unrealized Losses			Estimated Fair Value
		(Dollars in Thousands)
	30-Sep-14
	Debt Securities  - Available-For-Sale:
	United States government obligations and authorities	$	55,371		$	469		$	197		$	55,643
	Obligations of states and political subdivisions		90,597			1,091			47			91,641
	Corporate		115,833			1,613			296			117,150
	International		10,909			57			13			10,953
		$	272,710		$	3,230		$	553		$	275,387
	Debt Securities  - Held-To-Maturity:
	United States government obligations and authorities	$	4,433		$	31		$	243		$	4,221
	Corporate		2,673			33			2			2,704
	International		246			1			1			246
		$	7,352		$	65		$	246		$	7,171
	Equity securities - common stocks	$	29,220		$	7,886		$	643		$	36,463
	31-Dec-13
	Debt Securities  - Available-For-Sale:
	United States government obligations and authorities	$	27,422		$	186		$	399		$	27,209
	Obligations of states and political subdivisions		51,883			303			122			52,064
	Corporate		91,475			1,233			767			91,941
	International		3,731			5			38			3,698
		$	174,511		$	1,727		$	1,326		$	174,912
	Debt Securities  - Held-To-Maturity:
	United States government obligations and authorities	$	4,630		$	32		$	326		$	4,336
	Corporate		2,475			22			17			2,480
	International		109			-			1			108
		$	7,214		$	54		$	344		$	6,924
	Equity securities - common stocks	$	29,423		$	9,436		$	275		$	38,584
Continuous unrealized loss position	'
	The table below reflects our unrealized investment losses by investment class, aged for length of time in a continuous unrealized loss position as of September 30, 2014.
		Unrealized Losses			Less than 12 months			12 months or longer
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	197		$	89		$	108
	Obligations of states and political subdivisions		47			39			8
	Corporate		296			188			108
	International		13			13			-
			553			329			224
	Equity securities:
	Common stocks		643			614			29
	Total debt and equity securities	$	1,196		$	943		$	253
	The table below reflects our unrealized investment losses by investment class, aged for length of time in a continuous unrealized loss position as of December 31, 2013.
		Unrealized Losses			Less than 12 months			12 months or longer
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	399		$	391		$	8
	Obligations of states and political subdivisions		122			122			-
	Corporate		767			761			6
	International		38			38			-
			1,326			1,312			14
	Equity securities:
	Common stocks		275			148			127
	Total debt and equity securities	$	1,601		$	1,460		$	141
Investments classified by contractual maturity date	'
	Below is a summary of debt securities at September 30, 2014 and December 31, 2013, by contractual or expected maturity periods. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
		30-Sep-14						31-Dec-13
		Amortized			Estimated			Amortized			Estimated
		Cost			Fair Value			Cost			Fair Value
		(Dollars in Thousands)
	Due in one year or less	$	13,702		$	13,734		$	5,161		$	5,181
	Due after one through five years		176,615			177,950			113,027			113,561
	Due after five through ten years		89,719			90,841			62,656			62,220
	Due after ten years		26			33			881			874
	Total	$	280,062		$	282,558		$	181,725		$	181,836
Investment income	'
	The table below sets forth investment results for the three months ended September 30, 2014 and 2013.
		Three Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
	Interest on debt securities	$	1,328		$	691
	Dividends on equity securities		121			108
	Interest on cash and cash equivalents		1			1
	Total investment income	$	1,450		$	800
	Net realized gains	$	659		$	780
	The table below sets forth investment results for the nine months ended September 30, 2014 and 2013.
		Nine Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
	Interest on debt securities	$	3,432		$	2,059
	Dividends on equity securities		324			320
	Interest on cash and cash equivalents		2			3
	Total investment income	$	3,758		$	2,382
	Net realized gains	$	4,047		$	2,480
Net realized and unrealized investment gains	'
	The table below sets forth a summary of net realized investment gains (losses) during the three months ended September 30, 2014 and 2013.
		Three Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
	Net realized gains (losses)
	Debt securities	$	221		$	(219	)
	Equity securities		438			999
	Total	$	659		$	780
	The table below sets forth a summary of net realized investment gains during the nine months ended September 30, 2014 and 2013.
		Nine Months Ended September 30,
		2014			2013
		(Dollars in Thousands)
	Net realized gains
	Debt securities	$	415		$	673
	Equity securities		3,632			1,807
	Total	$	4,047		$	2,480
	The table below sets forth a summary of net unrealized investment gains as of September 30, 2014 and December 31, 2013.
		Unrealized Gains
		30-Sep-14			31-Dec-13
		(Dollars in Thousands)
	Net unrealized gains
	Debt securities	$	2,677		$	401
	Equity securities		7,243			9,161
	Total	$	9,920		$	9,562

Fair_Value_Disclosure_Tables

Fair Value Disclosure (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosure [Abstract]	'
Assets measured at fair value on a recurring basis	'
	Assets measured at fair value on a recurring basis as of September 30, 2014, presented in accordance with this guidance, are as follows.
		As of September 30, 2014
		Level 1		Level 2		Level 3		Total
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	-	$	55,643	$	-	$	55,643
	Obligations of states and political subdivisions		-		91,641		-		91,641
	Corporate		-		117,150		-		117,150
	International		-		10,953		-		10,953
			-		275,387		-		275,387
	Equity securities:
	Common stocks		36,463		-		-		36,463
			36,463		-		-		36,463
	Total debt and equity securities	$	36,463	$	275,387	$	-	$	311,850
	Assets measured at fair value on a recurring basis as of December 31, 2013, presented in accordance with this guidance, are as follows.
		As of December 31, 2013
		Level 1		Level 2		Level 3		Total
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	-	$	27,209	$	-	$	27,209
	Obligations of states and political subdivisions		-		52,064		-		52,064
	Corporate		-		91,941		-		91,941
	International		-		3,698		-		3,698
			-		174,912		-		174,912
	Equity securities:
	Common stocks		38,584		-		-		38,584
			38,584		-		-		38,584
	Total debt and equity securities	$	38,584	$	174,912	$	-	$	213,496

Reinsurance_Agreements_Tables

Reinsurance Agreements (Tables)	9 Months Ended
	Sep. 30, 2014
Reinsurance Agreements [Abstract]	'
Private reinsurance companies	'
	The 2014-2015 private reinsurance companies and their respective A.M. Best Company (“A.M. Best”) and S&P ratings are listed in the table as follows.
	Reinsurer	A.M. Best Rating			S&P Rating
	UNITED STATES
	American Agricultural Insurance Company		A-			NR
	American Standard Insurance Company of Wisconsin		A			NR
	AIG (National Union Fire Insurance Company of Pittsburgh, PA)		A			A+
	Everest Reinsurance Company		A+			A+
	Odyssey Reinsurance Company		A			A-
	QBE Reinsurance Corporation		A			A+
	RLI Insurance Company		A+			A+
	Transatlantic Reinsurance Company		A			A+
	BERMUDA
	ACE Tempest Reinsurance Limited		A++			AA-
	Allied World Assurance Company, Limited		A			A
	Arch Reinsurance Limited		A+			A+
	Argo Reinsurance Limited		A			NR
	Ariel Reinsurance Bermuda Ltd for and on Behalf of Ariel Syndicate 1910 (ARE)		A-			A+
	Aspen Bermuda Limited		A			A
	AXIS Specialty Limited		A+			A+
	BGS Services (Bermuda) Limited/Lloyds Syndicate 2987		A			A+
	DaVinci Reinsurance Ltd		A			AA-
	Endurance Specialty Insurance Limited		A			A
	Hamilton Re, Limited		A-			NR
	Hiscox Insurance Company (Bermuda) Limited		A			NR
	Partner Reinsurance Company Limited		A+			A+
	Platinum Underwriters Bermuda Limited		A			A-
	Renaissance Reinsurance, Limited		A+			AA-
	Securis Re III Limited Bermuda		NR	*	**	NR
	Securis Re IV Limited Bermuda		NR	*	**	NR
	Tokio Millennium Re AG, Bermuda Branch		A++			AA-
	XL RE Limited		A			A+
	UNITED KINGDOM
	A.F. Beazley Syndicate No. 623 (AFB)		A			A+
	A.F. Beazley Syndicate No. 2623 (AFB)		A			A+
	Amlin Syndicate No. 2001 (AML)		A			A+
	Antares Syndicate No. 1274 (AUL)		A			A+
	Ariel Syndicate No. 1910 (ARE)		A			A+
	ARK Syndicate No. 4020 (ARK)		A			A+
	Ascot Syndicate No. 1414 (ASC)		A			A+
	Barbican Syndication No. 1955 (BAR)		A			A+
	Canopius Syndicate No. 958 (CNP)		A			A+
	Canopius Syndicate No. 4444 (CNP)		A			A+
	Cathederal Syndicate No. 2010 (MMX)		A			A+
	Chaucer Syndicate No. 1084 (CSL)		A			A+
	Dale Underwriting Syndicate No. 1729 (DUW)		A			A+
	Faraday Syndicate No. 435 (FDY)		A			A+
	Hiscox Syndicate No. 0033 (HIS)		A			A+
	Kiln Syndicate No. 510 (KLN)		A			A+
	Liberty Syndicates Services Limited, Paris for and on behalf of Lloyd's Syndicate No. 4472 (LIB)		A			A+
	MAP Underwriting Syndicate No. 2791 (MAP)		A			A+
	MAP Underwriting Syndicate No. 2791 (Parallel) (MAP)		A			A+
	Novae Syndicate No. 2007 (NVA)		A			A+
	S.J.O, Catlin & Others No. 2003 (SJC)		A			A+
	EUROPE
	Amlin AG, Switzerland, Bermuda Branch		A			A
	Hannover Rueck SE (obo Pillar Capital Management)		NR	*	**	NR
	Lansforsakringar Sak Forsakringsaktiebolag (publ)		NR			A
	SCOR Global P&C SE, Paris, Zurich Branch		A			A
	ASIA
	China Reinsurance (Group) Corporation		A			NR
	Qatar Reinsurance Company LLC		A			A
	* Reinstatement Premium Protection Program Participants
	** Participant will fund a trust agreement for their exposure with cash and U.S. Government obligations of American institutions at fair market value.
The 2013-2014 private reinsurance companies and their respective A.M. Best and S&P ratings are listed in the table as follows.
Reinsurer	A.M. Best Rating			S&P Rating
UNITED STATES
American Agricultural Insurance Company		A-			NR
Everest Reinsurance Company		A+			A+
Houston Casualty Company, UK Branch		A			A+
Odyssey Reinsurance Company		A			A-
BERMUDA
ACE Tempest Reinsurance Limited		A+			AA-
Allied World Assurance Company Limited, Bermuda		A			A
Arch Reinsurance Limited		A+			A+
Argo Reinsurance Limited		A			NR
Ariel Reinsurance Bermuda Ltd for and on Behalf of Ariel Syndicate 1910 (ARE)		A-			NR
DaVinci Reinsurance Ltd		A			A+
Endurance Specialty Insurance Limited		A			A
JC Re Ltd. (aka Pillar Capital and fka Juniperus & Actua Re Ltd.)		NR	*	**	NR
Partner Reinsurance Company Limited		A+			A+
Platinum Underwriters Bermuda Limited		A			A-
Renaissance Reinsurance Ltd		A+			AA-
S.A.C. Re, Ltd.		A-			NR
XL Re Limited		A			A
UNITED KINGDOM
A.F. Beazley Syndicate No. 623 (AFB)		A			A+
A.F. Beazley Syndicate No. 2623 (AFB)		A			A+
Amlin Syndicate No. 2001 (AML)		A			A+
Ariel Syndicate No. 1910 (ARE)		A			A+
ARK Syndicate No. 3902 (NOA)		A			A+
Ascot Syndicate No. 1414 (ASC)		A			A+
Barbican Syndication No. 1955 (BAR)		A			A+
Canopius Syndicate No. 958 (CNP)		A			A+
Canopius Syndicate No. 4444 (CNP)		A			A+
Cathederal Syndicate No. 2010 (MMX)		A			A+
Kiln Syndicate No. 510 (KLN)		A			A+
Liberty Syndicates Services Limited, Paris for and on behalf of Lloyd's Syndicate  No. 4472 (LIB)		NR			A+
MAP Underwriting Syndicate No. 2791 (MAP)		A			A+
MAP Underwriting Syndicate No. 2791 (Parallel) (MAP)		A			A+
Novae Syndicate No. 2007 (NVA)		A			A+
Pembroke Syndicate No. 4000 (PEM)		A			A+
Tokio Marine Kiln Syndicate No. 1880 (TMK)		A			A+
EUROPE
Amlin Bermuda (Branch of Amlin AG)		A			A
SCOR Global P&C SE		A			A
* Reinstatement Premium Protection Program Participants
** Participant will fund a trust agreement for their exposure with cash and U.S. Government obligations of American institutions at fair market value.

Unpaid_losses_and_LAE_Tables

Unpaid losses and LAE (Tables)	9 Months Ended
	Sep. 30, 2014
Unpaid losses and LAE [Abstract]	'
Summary of activity in the liability for unpaid losses and LAE	'
	Activity in the liability for unpaid losses and LAE is summarized as follows.
		Period Ending
		30-Sep-14			31-Dec-13
		(Dollars in Thousands)
	Balance at January 1	$	61,016		$	49,908
	Less reinsurance recoverables		(2,742	)		(3,503	)
	Net balance at January 1	$	58,274		$	46,405
	Incurred related to
	Current year	$	56,818		$	56,209
	Prior years		3,658			201
	Total incurred	$	60,476		$	56,410
	Paid related to
	Current year	$	24,153		$	22,695
	Prior years		30,723			21,846
	Total paid	$	54,876		$	44,541
	Net balance at period end	$	63,874		$	58,274
	Plus reinsurance recoverables		9,235			2,742
	Balance as of period end	$	73,109		$	61,016

Stock_Compensation_Plans_Table

Stock Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2014
Stock Compensation Plans [Abstract]	'
Activity in stock option plans	'
	Activity in our stock option and incentive plans for the period from January 1, 2012 to September 30, 2014 is as follows.
		1998 Plan					2002 Plan					2012 Plan
		Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Fair Market Value at Grant
	Outstanding at January 1, 2012		89,750		$	12.83		624,700		$	6.15		-		$	-
	Granted		-		$	-		181,500		$	4.4		-		$	-
	Exercised		-		$	-		(33,104	)	$	3.86		-		$	-
	Cancelled		(11,250	)	$	13.54		(70,499	)	$	12.45		-		$	-
	Outstanding at January 1, 2013		78,500		$	12.73		702,597		$	5.17		-		$	-
	Granted		-		$	-		-		$	-		250,000		$	8.23
	Exercised		(500	)	$	8.67		(165,577	)	$	7.15		-		$	-
	Cancelled		(75,000	)	$	12.92		(13,499	)	$	5.41		(500	)	$	5.54
	Outstanding at January 1, 2014		3,000		$	8.67		523,521		$	4.54		249,500		$	8.24
	Granted		-		$	-		-		$	-		218,648		$	21.66
	Exercised		(3,000	)	$	8.67		(268,984	)	$	5.31		(68,988	)	$	18.67
	Cancelled		-		$	-		(4,234	)	$	3.5		(846	)	$	7.73
	Outstanding at September 30, 2014		-		$	-		250,303		$	3.73		398,314		$	13.8
Maturity schedule of exercisable options outstanding	'
	Options outstanding as of September 30, 2014 are exercisable as follows.
		1998 Plan					2002 Plan
	Options Exercisable at:	Number of Shares			Weighted Average Option Exercise Price		Number of Shares			Weighted Average Option Exercise Price
	30-Sep-14		-		$	-		181,603		$	3.73
	31-Dec-14		-		$	-		1,000		$	3.73
	31-Dec-15		-		$	-		67,700		$	3.73
	31-Dec-16		-		$	-		-		$	3.73
	31-Dec-17		-		$	-		-		$	3.73
	31-Dec-18		-		$	-		-		$	3.73
	Thereafter		-		$	-		-		$	3.73
	Total options exercisable		-					250,303
Summary of information about the stock option plans	'
	Summary information about the Company’s stock option plans at September 30, 2014 is as follows.
		Range of Exercise Price			Outstanding at September 30, 2014		Weighted Average Contractual Periods in Years			Weighted Average Exercise Price		Exercisable at September 30, 2014
	1998 Plan	$	-			-		-		$	-		-
	2002 Plan	$	2.45 - $4.59			250,303		6.56		$	3.73		181,603

Organization_and_Business_Deta

Organization and Business (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
			Carrier
			Agent
Business Organization [Line Item]	'	'	'	'
Years in business (minimum)	'	'	'20 years	'
Number of independent agents	'	'	3,600	'
Number of agents that actively sell and service the entity's products	'	'	2,100	'
Percentage of entire homeowners' book the entity agreed to maintain its homeowners' policies within Tri-county area (in hundredths)	'	'	35.00%	'
Percentage of homeowners' policies located within Tri-County Area (in hundredths)	'	'	19.00%	'
Percentage of gross written premium the managing general agency fees were traditionally (in hundredths)	'	'	6.00%	'
Percentage of gross written premiums the managing general agency fees will not exceed (in hundredths)	'	'	4.00%	'
Percentage of gross written premiums the managing general agency fees minimum (in hundredths)	'	'	2.00%	'
Percentage of gross written premiums the managing general agency fees maximum (in hundredths)	'	'	4.00%	'
Percentage of gross earned premiums the claims service fees were traditionally (in hundredths)	'	'	4.50%	'
Percentage of gross earned premiums the claims service fees are currently (in hundredths)	'	'	3.60%	'
Ratio of homeowners' premiums underwritten to total premiums underwritten (in hundredths)	90.50%	89.10%	91.20%	89.00%
Ratio of commercial general liability premiums underwritten to total premiums underwritten (in hundredths)	3.40%	4.30%	3.40%	4.60%
Ratio of federal flood premiums underwritten to total premiums underwritten (in hundredths)	2.50%	2.90%	2.20%	2.80%
Ratio of automobile insurance premiums underwritten to total premiums underwritten (in hundredths)	3.60%	3.70%	3.20%	3.60%
Portion of Homeowners' Gross Premium Written Produced Under the Agreement With "ISA"	$19,000,000	$10,900,000	$49,400,000	$19,100,000
Percentage of Homeowners' Gross Premium Written Produced Under the Agreement With "ISA" (in hundredths)	22.80%	20.10%	19.30%	12.20%
Homeowners' Gross Premiums Written	83,300,000	54,100,000	255,900,000	156,400,000
Percentage of total increase in sale of Homeowners' policy related to ISA (in hundredths)	65.10%	'	49.70%	'
Fees earned per policy	'	'	$25	'
Percentage commission fee from its affiliate (in hundredths)	'	'	6.00%	'
Number of carriers the entity provides insurance through	'	'	40	'
Minimum [Member]	'	'	'	'
Business Organization [Line Item]	'	'	'	'
Percentage commission fee from its affiliate	'	'	2.00%	'
Maximum [Member]	'	'	'	'
Business Organization [Line Item]	'	'	'	'
Percentage commission fee from its affiliate	'	'	4.00%	'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies and Practices (Details)	9 Months Ended
	Sep. 30, 2014
	Category
Summary of Significant Accounting Policies and Practices [Abstract]	'
Number of categories securities are classified	3

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	3 Months Ended		9 Months Ended			9 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013
	sqft		Category			JUA Plan [Member]	JUA Plan [Member]
			sqft
Insurance apportionment plan [Line Items]	'	'	'	'	'	'	'
Number of major categories the entity commitments and contingencies are grouped into	'	'	3	'	'	'	'
Deferred Tax Liabilities, Net	$1,964,000	'	$1,964,000	'	$0	'	'
Net deferred tax asset	0	'	0	'	1,006,000	'	'
Square footage of office facility	18,500	'	18,500	'	'	'	'
Original lease expiration date	'	'	31-May-17	'	'	'	'
Extended lease expiration date	'	'	31-Aug-19	'	'	'	'
Increase in area of real estate property	13,642	'	13,642	'	'	'	'
Net premiums written	-37,266,000	10,805,000	101,350,000	97,430,000	'	27,000	0
Percentage ceded under quota share (in hundredths)	'	'	30.00%	'	'	'	'
Expected future lease payments [Abstract]	'	'	'	'	'	'	'
2014	171,000	'	171,000	'	'	'	'
2015	694,000	'	694,000	'	'	'	'
2016	708,000	'	708,000	'	'	'	'
2017	722,000	'	722,000	'	'	'	'
2018	736,000	'	736,000	'	'	'	'
2019	499,000	'	499,000	'	'	'	'
Total	$3,530,000	'	$3,530,000	'	'	'	'

Investments_Details

Investments (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Investments [Abstract]	'	'	'	'	'
Increase in total investments	'	'	$98,500,000	'	'
Percentage increase in investments (in hundredths)	'	'	44.60%	'	'
Total investments	319,202,000	'	319,202,000	'	220,710,000
Increase in gross premiums written	'	'	99,500,000	'	'
Percentage increase in gross premiums written (in hundredths)	'	'	63.60%	'	'
Homeowners' Gross Premiums Written	83,300,000	54,100,000	255,900,000	156,400,000	'
Increase in homeowners gross written transferred to investment accounts	'	'	59,000,000	'	'
Ratio of available-for-sale securities to total investments (in hundredths)	98.00%	'	98.00%	'	98.00%
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Debt maturities, held to maturity, at amortized cost	7,352,000	'	7,352,000	'	7,214,000
Bond portfolio reclassified between available-for-sale and held-to-maturity	'	'	0	100,000	'
Debt securities, at market [Abstract]	'	'	'	'	'
Debt securities, at market	275,387,000	'	275,387,000	'	174,912,000
Percent of debt securities at market to total investments (in hundredths)	'	'	86.27%	'	79.26%
Debt securities, at amortized cost [Abstract]	'	'	'	'	'
Debt securities, at amortized cost	7,352,000	'	7,352,000	'	7,214,000
Percent of debt securities at amortized cost to total investments (in hundredths)	'	'	2.31%	'	3.27%
Total debt securities	282,739,000	'	282,739,000	'	182,126,000
Percent of debt securities to total investments (in hundredths)	'	'	88.58%	'	82.53%
Equity securities, at market	36,463,000	'	36,463,000	'	38,584,000
Percentage of equity securities to total investments (in hundredths)	'	'	11.42%	'	17.47%
Total investments	319,202,000	'	319,202,000	'	220,710,000
Total investments (in hundredths)	'	'	100.00%	'	100.00%
Realized gains (losses) [Abstract]	'	'	'	'	'
Total realized gains	694,000	1,476,000	4,546,000	4,032,000	'
Fair Value at Sale of securities with realized gains	18,055,000	11,802,000	51,252,000	46,981,000	'
Total realized losses	-35,000	-696,000	-499,000	-1,552,000	'
Fair Value at Sale of securities with realized losses	1,745,000	15,933,000	9,972,000	40,542,000	'
Net realized gains (losses) on investments	659,000	780,000	4,047,000	2,480,000	'
Fair Value of Investments at Sale	19,800,000	27,735,000	61,224,000	87,523,000	'
Debt Securities - Available-For-Sale [Abstract]	'	'	'	'	'
Debt Securities - Available-For-Sale, Amortized Cost	272,710,000	'	272,710,000	'	174,511,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	3,230,000	'	3,230,000	'	1,727,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	553,000	'	553,000	'	1,326,000
Debt Securities - Available-For-Sale, Estimated Fair Value	275,387,000	'	275,387,000	'	174,912,000
Debt Securities - Held-To-Maturity [Abstract]	'	'	'	'	'
Debt Securities - Held-To-Maturity, Amortized Cost	7,352,000	'	7,352,000	'	7,214,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	65,000	'	65,000	'	54,000
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	246,000	'	246,000	'	344,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	7,171,000	'	7,171,000	'	6,924,000
Equity securities - common stocks, Amortized Cost	29,220,000	'	29,220,000	'	29,423,000
Equity securities - common stocks, Gross Unrealized Gains	7,886,000	'	7,886,000	'	9,436,000
Equity securities - common stocks, Gross Unrealized Loss	643,000	'	643,000	'	275,000
Equity securities - common stocks, Estimated Fair Value	36,463,000	'	36,463,000	'	38,584,000
Continuous unrealized loss position [Abstract]	'	'	'	'	'
Debt/Equity securities, Unrealized (Losses)	1,196,000	'	1,196,000	'	1,601,000
Debt/Equity securities, Less than 12 months	943,000	'	943,000	'	1,460,000
Debt/Equity securities, 12 months or longer	253,000	'	253,000	'	141,000
Amortized Cost [Abstract]	'	'	'	'	'
Due in one year or less, Amortized Cost	13,702,000	'	13,702,000	'	5,161,000
Due after one through five years, Amortized Cost	176,615,000	'	176,615,000	'	113,027,000
Due after five through ten years, Amortized Cost	89,719,000	'	89,719,000	'	62,656,000
Due after ten years, Amortized Cost	26,000	'	26,000	'	881,000
Total Amortized Cost	280,062,000	'	280,062,000	'	181,725,000
Estimated Fair Value [Abstract]	'	'	'	'	'
Due in one year or less, Estimated Fair Value	13,734,000	'	13,734,000	'	5,181,000
Due after one through five years, Estimated Fair Value	177,950,000	'	177,950,000	'	113,561,000
Due after five through ten years, Estimated Fair Value	90,841,000	'	90,841,000	'	62,220,000
Due after ten years, Estimated Fair Value	33,000	'	33,000	'	874,000
Total Estimated Fair Value	282,558,000	'	282,558,000	'	181,836,000
Treasury notes maturity date, maturing in one through five years	'	'	31-Dec-16	'	31-Dec-16
Treasury notes maturity date, maturing in five through ten years	'	'	31-Dec-22	'	31-Dec-22
Investment income [Abstract]	'	'	'	'	'
Interest on debt securities	1,328,000	691,000	3,432,000	2,059,000	'
Dividends on equity securities	121,000	108,000	324,000	320,000	'
Interest on cash and cash equivalents	1,000	1,000	2,000	3,000	'
Total investment income	1,450,000	800,000	3,758,000	2,382,000	'
Net realized gains	659,000	780,000	4,047,000	2,480,000	'
Proceeds from sales and maturity of marketable securities	21,800,000	28,700,000	65,869,000	93,079,000	'
Net realized and unrealized investment gains (losses) [Abstract]	'	'	'	'	'
Net realized gains	659,000	780,000	4,047,000	2,480,000	'
Net unrealized gains	'	'	9,920,000	'	9,562,000
Diverse Industries Debt Securities [Member]	'	'	'	'	'
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Percentage of debt securities to total debt portfolio (in hundredths)	'	'	79.00%	'	83.00%
United States Government Bonds [Member]	'	'	'	'	'
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Percentage of debt securities to total debt portfolio (in hundredths)	'	'	21.00%	'	17.00%
Diverse Industries Equity Securities [Member]	'	'	'	'	'
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Percentage of equity holdings to total equity portfolio (in hundredths)	'	'	87.00%	'	91.00%
Mutual Funds [Member]	'	'	'	'	'
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Percentage of equity holdings to total equity portfolio (in hundredths)	'	'	13.00%	'	9.00%
United States Government Obligations and Authorities [Member]	'	'	'	'	'
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Debt maturities, held to maturity, at amortized cost	4,433,000	'	4,433,000	'	4,630,000
Debt securities, at market [Abstract]	'	'	'	'	'
Debt securities, at market	55,643,000	'	55,643,000	'	27,209,000
Percent of debt securities at market to total investments (in hundredths)	'	'	17.43%	'	12.33%
Debt securities, at amortized cost [Abstract]	'	'	'	'	'
Debt securities, at amortized cost	4,433,000	'	4,433,000	'	4,630,000
Percent of debt securities at amortized cost to total investments (in hundredths)	'	'	1.39%	'	2.10%
Debt Securities - Available-For-Sale [Abstract]	'	'	'	'	'
Debt Securities - Available-For-Sale, Amortized Cost	55,371,000	'	55,371,000	'	27,422,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	469,000	'	469,000	'	186,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	197,000	'	197,000	'	399,000
Debt Securities - Available-For-Sale, Estimated Fair Value	55,643,000	'	55,643,000	'	27,209,000
Debt Securities - Held-To-Maturity [Abstract]	'	'	'	'	'
Debt Securities - Held-To-Maturity, Amortized Cost	4,433,000	'	4,433,000	'	4,630,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	31,000	'	31,000	'	32,000
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	243,000	'	243,000	'	326,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	4,221,000	'	4,221,000	'	4,336,000
Continuous unrealized loss position [Abstract]	'	'	'	'	'
Debt/Equity securities, Unrealized (Losses)	197,000	'	197,000	'	399,000
Debt/Equity securities, Less than 12 months	89,000	'	89,000	'	391,000
Debt/Equity securities, 12 months or longer	108,000	'	108,000	'	8,000
Obligations of States and Political Subdivisions [Member]	'	'	'	'	'
Debt securities, at market [Abstract]	'	'	'	'	'
Debt securities, at market	91,641,000	'	91,641,000	'	52,064,000
Percent of debt securities at market to total investments (in hundredths)	'	'	28.71%	'	23.59%
Debt Securities - Available-For-Sale [Abstract]	'	'	'	'	'
Debt Securities - Available-For-Sale, Amortized Cost	90,597,000	'	90,597,000	'	51,883,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	1,091,000	'	1,091,000	'	303,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	47,000	'	47,000	'	122,000
Debt Securities - Available-For-Sale, Estimated Fair Value	91,641,000	'	91,641,000	'	52,064,000
Continuous unrealized loss position [Abstract]	'	'	'	'	'
Debt/Equity securities, Unrealized (Losses)	47,000	'	47,000	'	122,000
Debt/Equity securities, Less than 12 months	39,000	'	39,000	'	122,000
Debt/Equity securities, 12 months or longer	8,000	'	8,000	'	0
Corporate [Member]	'	'	'	'	'
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Debt maturities, held to maturity, at amortized cost	2,673,000	'	2,673,000	'	2,475,000
Debt securities, at market [Abstract]	'	'	'	'	'
Debt securities, at market	117,150,000	'	117,150,000	'	91,941,000
Percent of debt securities at market to total investments (in hundredths)	'	'	36.70%	'	41.66%
Debt securities, at amortized cost [Abstract]	'	'	'	'	'
Debt securities, at amortized cost	2,673,000	'	2,673,000	'	2,475,000
Percent of debt securities at amortized cost to total investments (in hundredths)	'	'	0.84%	'	1.12%
Debt Securities - Available-For-Sale [Abstract]	'	'	'	'	'
Debt Securities - Available-For-Sale, Amortized Cost	115,833,000	'	115,833,000	'	91,475,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	1,613,000	'	1,613,000	'	1,233,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	296,000	'	296,000	'	767,000
Debt Securities - Available-For-Sale, Estimated Fair Value	117,150,000	'	117,150,000	'	91,941,000
Debt Securities - Held-To-Maturity [Abstract]	'	'	'	'	'
Debt Securities - Held-To-Maturity, Amortized Cost	2,673,000	'	2,673,000	'	2,475,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	33,000	'	33,000	'	22,000
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	2,000	'	2,000	'	17,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	2,704,000	'	2,704,000	'	2,480,000
Continuous unrealized loss position [Abstract]	'	'	'	'	'
Debt/Equity securities, Unrealized (Losses)	296,000	'	296,000	'	767,000
Debt/Equity securities, Less than 12 months	188,000	'	188,000	'	761,000
Debt/Equity securities, 12 months or longer	108,000	'	108,000	'	6,000
Debt Securities [Member]	'	'	'	'	'
Realized gains (losses) [Abstract]	'	'	'	'	'
Total realized gains	241,000	202,000	533,000	1,595,000	'
Fair Value at Sale of securities with realized gains	16,413,000	6,183,000	38,657,000	36,918,000	'
Total realized losses	-20,000	-421,000	-118,000	-922,000	'
Fair Value at Sale of securities with realized losses	1,627,000	14,462,000	8,333,000	37,493,000	'
Continuous unrealized loss position [Abstract]	'	'	'	'	'
Debt/Equity securities, Unrealized (Losses)	553,000	'	553,000	'	1,326,000
Debt/Equity securities, Less than 12 months	329,000	'	329,000	'	1,312,000
Debt/Equity securities, 12 months or longer	224,000	'	224,000	'	14,000
Investment income [Abstract]	'	'	'	'	'
Net realized gains	221,000	-219,000	415,000	673,000	'
Net realized and unrealized investment gains (losses) [Abstract]	'	'	'	'	'
Net realized gains	221,000	-219,000	415,000	673,000	'
Net unrealized gains	'	'	2,677,000	'	401,000
Equity Securities [Member]	'	'	'	'	'
Realized gains (losses) [Abstract]	'	'	'	'	'
Total realized gains	453,000	1,274,000	4,013,000	2,437,000	'
Fair Value at Sale of securities with realized gains	1,642,000	5,619,000	12,595,000	10,063,000	'
Total realized losses	-15,000	-275,000	-381,000	-630,000	'
Fair Value at Sale of securities with realized losses	118,000	1,471,000	1,639,000	3,049,000	'
Investment income [Abstract]	'	'	'	'	'
Net realized gains	438,000	999,000	3,632,000	1,807,000	'
Net realized and unrealized investment gains (losses) [Abstract]	'	'	'	'	'
Net realized gains	438,000	999,000	3,632,000	1,807,000	'
Net unrealized gains	'	'	7,243,000	'	9,161,000
International [Member]	'	'	'	'	'
Debt securities at amortized cost [Line Items]	'	'	'	'	'
Debt maturities, held to maturity, at amortized cost	246,000	'	246,000	'	109,000
Debt securities, at market [Abstract]	'	'	'	'	'
Debt securities, at market	10,953,000	'	10,953,000	'	3,698,000
Percent of debt securities at market to total investments (in hundredths)	'	'	3.43%	'	1.68%
Debt securities, at amortized cost [Abstract]	'	'	'	'	'
Debt securities, at amortized cost	246,000	'	246,000	'	109,000
Percent of debt securities at amortized cost to total investments (in hundredths)	'	'	0.08%	'	0.05%
Debt Securities - Available-For-Sale [Abstract]	'	'	'	'	'
Debt Securities - Available-For-Sale, Amortized Cost	10,909,000	'	10,909,000	'	3,731,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	57,000	'	57,000	'	5,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	13,000	'	13,000	'	38,000
Debt Securities - Available-For-Sale, Estimated Fair Value	10,953,000	'	10,953,000	'	3,698,000
Debt Securities - Held-To-Maturity [Abstract]	'	'	'	'	'
Debt Securities - Held-To-Maturity, Amortized Cost	246,000	'	246,000	'	109,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	1,000	'	1,000	'	0
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	1,000	'	1,000	'	1,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	246,000	'	246,000	'	108,000
Continuous unrealized loss position [Abstract]	'	'	'	'	'
Debt/Equity securities, Unrealized (Losses)	13,000	'	13,000	'	38,000
Debt/Equity securities, Less than 12 months	13,000	'	13,000	'	38,000
Debt/Equity securities, 12 months or longer	0	'	0	'	0
Common Stock [Member]	'	'	'	'	'
Continuous unrealized loss position [Abstract]	'	'	'	'	'
Debt/Equity securities, Unrealized (Losses)	643,000	'	643,000	'	275,000
Debt/Equity securities, Less than 12 months	614,000	'	614,000	'	148,000
Debt/Equity securities, 12 months or longer	29,000	'	29,000	'	127,000
United States Treasury Notes [Member] | Federated National [Member]	'	'	'	'	'
Estimated Fair Value [Abstract]	'	'	'	'	'
Due after one through five years, Estimated Fair Value	61,727	'	61,727	'	62,490
Due after five through ten years, Estimated Fair Value	$2,220,344	'	$2,220,344	'	$2,193,814

Fair_Value_Disclosure_Details

Fair Value Disclosure (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt securities [Abstract]	'	'
Debt securities	$275,387	$174,912
Equity securities [Abstract]	'	'
Equity securities	36,463	38,584
Recurring [Member]	'	'
Debt securities [Abstract]	'	'
United States government obligations and authorities	55,643	27,209
Obligations of states and political subdivisions	91,641	52,064
Corporate	117,150	91,941
International	10,953	3,698
Debt securities	275,387	174,912
Equity securities [Abstract]	'	'
Common stocks	36,463	38,584
Equity securities	36,463	38,584
Total debt and equity securities	311,850	213,496
Level 1 [Member] | Recurring [Member]	'	'
Debt securities [Abstract]	'	'
United States government obligations and authorities	0	0
Obligations of states and political subdivisions	0	0
Corporate	0	0
International	0	0
Debt securities	0	0
Equity securities [Abstract]	'	'
Common stocks	36,463	38,584
Equity securities	36,463	38,584
Total debt and equity securities	36,463	38,584
Level 2 [Member] | Recurring [Member]	'	'
Debt securities [Abstract]	'	'
United States government obligations and authorities	55,643	27,209
Obligations of states and political subdivisions	91,641	52,064
Corporate	117,150	91,941
International	10,953	3,698
Debt securities	275,387	174,912
Equity securities [Abstract]	'	'
Common stocks	0	0
Equity securities	0	0
Total debt and equity securities	275,387	174,912
Level 3 [Member] | Recurring [Member]	'	'
Debt securities [Abstract]	'	'
United States government obligations and authorities	0	0
Obligations of states and political subdivisions	0	0
Corporate	0	0
International	0	0
Debt securities	0	0
Equity securities [Abstract]	'	'
Common stocks	0	0
Equity securities	0	0
Total debt and equity securities	$0	$0

Reinsurance_Agreements_Details

Reinsurance Agreements (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jul. 01, 2014	Dec. 31, 2013
	Structure
Reinsurance Agreements [Abstract]	'	'	'	'
Number of types of reinsurance structures	3	'	'	'
Liability for Catastrophe Claims [Line Items]	'	'	'	'
Prepaid reinsurance premiums	$39,202,000	'	'	$7,592,000
Percentage of quota share reinsurance treaty (in hundredths)	30.00%	'	'	'
Deferred quota profit share	12,300,000	'	14,000,000	'
Number of years quota share reinsurance treaty	'2 years	'	'	'
Aggregate catastrophe coverage per year with maximum single event coverage	100,000,000	'	'	'
Aggregate cost of quota share is projected	6,700,000	'	'	'
Increase in total insured value	5,400,000,000	8,700,000,000	'	'
Percentage increase in total insured value (in hundredths)	8.20%	25.30%	'	'
Increase reinsurance premiums for total insured value	'	8,300,000	'	'
Percentage increase in reinsurance premiums for total insured value (in hundredths)	'	13.30%	'	'
Trust agreement for loss exposure	4,800,000	'	'	4,900,000
Florida [Member]	'	'	'	'
Liability for Catastrophe Claims [Line Items]	'	'	'	'
Aggregate catastrophic loss coverage	200,000,000	'	'	'
Aggregate catastrophic loss coverage of Florida	200,000,000	'	'	'
2013-2014 Hurricane Season [Member]	'	'	'	'
Liability for Catastrophe Claims [Line Items]	'	'	'	'
Aggregate catastrophic loss coverage	562,700,000	'	'	'
Maximum single event coverage	420,400,000	'	'	'
Amount retained per Loss	7,000,000	'	'	'
Coverage afforded by FHCF	278,100,000	'	'	'
Percentage of FHCF coverage to total coverage (in hundredths)	49.40%	'	'	'
Reinsurance premium	21,700,000	'	'	'
Prepaid reinsurance premiums	67,900,000	'	'	'
Aggregate catastrophic loss coverage of Florida	562,700,000	'	'	'
2014-2015 Hurricane Season [Member]	'	'	'	'
Liability for Catastrophe Claims [Line Items]	'	'	'	'
Aggregate catastrophic loss coverage	1,490,000,000	'	'	'
Maximum single event coverage	1,000,000,000	'	'	'
Reinsurance premium	41,000,000	'	'	'
Prepaid reinsurance premiums	117,400,000	'	'	'
Aggregate catastrophic loss coverage of Florida	1,490,000,000	'	'	'
2014-2015 Hurricane Season [Member] | Florida [Member]	'	'	'	'
Liability for Catastrophe Claims [Line Items]	'	'	'	'
Aggregate catastrophic loss coverage	1,460,000,000	'	'	'
Amount retained per Loss	7,000,000	'	'	'
Percentage of Florida coverage to total coverage (in hundredths)	98.50%	'	'	'
Coverage afforded by FHCF	546,300,000	'	'	'
Percentage of FHCF coverage to total coverage (in hundredths)	37.40%	'	'	'
Aggregate catastrophic loss coverage of Florida	1,460,000,000	'	'	'
2014-2015 Hurricane Season [Member] | Louisiana [Member]	'	'	'	'
Liability for Catastrophe Claims [Line Items]	'	'	'	'
Amount retained per Loss	$3,000,000	'	'	'

Unpaid_losses_and_LAE_Details

Unpaid losses and LAE (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Unpaid losses and LAE [Abstract]	'	'
Unpaid losses and LAE, period start	$61,016,000	$49,908,000
Less reinsurance recoverables	-2,742,000	-3,503,000
Unpaid Losses and LAE, net, period start	58,274,000	46,405,000
Incurred related to Unpaid losses and LAE [Abstract]	'	'
Current year	56,818,000	56,209,000
Prior years	3,658,000	201,000
Total incurred losses and LAE	60,476,000	56,410,000
Paid Related to Unpaid losses And LAE [Abstract]	'	'
Current year	24,153,000	22,695,000
Prior years	30,723,000	21,846,000
Total paid	54,876,000	44,541,000
Unpaid Losses and LAE, net, period end	63,874,000	58,274,000
Plus reinsurance recoverables	9,235,000	2,742,000
Unpaid losses and LAE, period end	73,109,000	61,016,000
Increased liabilitity for losses	$3,700,000	$200,000

Stock_Compensation_Plans_Detai

Stock Compensation Plans (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 09, 2014

Mar. 04, 2014

Aug. 05, 2013

Mar. 04, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Sep. 09, 2014

Mar. 04, 2014

Aug. 05, 2013

Mar. 04, 2013

Sep. 09, 2014

Mar. 04, 2014

Aug. 05, 2013

Mar. 04, 2013

Sep. 09, 2014

Mar. 04, 2014

Mar. 04, 2013

Sep. 09, 2014

Mar. 04, 2014

Mar. 04, 2013

Employee Stock Option [Member]

Employee Stock Option [Member]

Employee Stock Option [Member]

2002 Stock Option Plan [Member]

2002 Stock Option Plan [Member]

2002 Stock Option Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

2012 Stock Incentive Plan [Member]

Chief Executive Officer and President [Member]

Chief Executive Officer and President [Member]

Chief Executive Officer and President [Member]

Chief Executive Officer and President [Member]

Chief Financial Officer [Member]

Chief Financial Officer [Member]

Chief Financial Officer [Member]

Chief Financial Officer [Member]

Director [Member]

Director [Member]

Director [Member]

Other Employees [Member]

Other Employees [Member]

Other Employees [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares authorized to grant options to purchase (in shares)

'

'

'

'

900,000

'

'

1,800,000

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based payment award, expiration date

'

'

'

'

30-Sep-08

'

'

30-Apr-12

'

'

'

'

'

'

5-Apr-22

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected term of stock options in Black-Scholes option pricing model, previous

'

'

'4 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected term of stock options in Black-Scholes option pricing model, revised

'

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Option Plans, Number of Shares [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in shares)

'

'

'

'

3,000

78,500

89,750

523,521

702,597

624,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

'

'

'

0

0

0

0

0

181,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercised (in shares)

'

'

'

'

-3,000

-500

0

-268,984

-165,577

-33,104

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in shares)

'

'

'

'

0

-75,000

-11,250

-4,234

-13,499

-70,499

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in shares)

'

'

'

'

0

3,000

78,500

250,303

523,521

702,597

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Options, Weighted Average Option Exercise Price [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in dollars per share)

'

'

'

'

$8.67

$12.73

$12.83

$4.54

$5.17

$6.15

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in dollars per share)

'

'

'

'

$0

$0

$0

$0

$0

$4.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercised (in dollars per share)

'

'

'

'

$8.67

$8.67

$0

$5.31

$7.15

$3.86

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in dollars per share)

'

'

'

'

$0

$12.92

$13.54

$3.50

$5.41

$12.45

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in dollars per share)

'

'

'

'

$0

$8.67

$12.73

$3.73

$4.54

$5.17

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other Than Stock Option Plans, Number of Shares [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

249,500

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

'

'

'

'

'

'

'

'

'

130,000

88,648

150,000

100,000

218,648

250,000

0

45,000

43,997

100,000

25,000

15,000

16,341

50,000

15,000

50,000

15,710

20,000

20,000

12,600

40,000

Exercised (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-68,988

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-846

-500

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

398,314

249,500

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other Than Stock Options, Fair Market Value at Grant [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$8.24

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$21.66

$8.23

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercised (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$18.67

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7.73

$5.54

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$13.80

$8.24

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options Exercisable at [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

March 31, 2014 (in shares)

'

'

'

'

0

'

'

181,603

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2014 (in shares)

'

'

'

'

0

'

'

1,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2015 (in shares)

'

'

'

'

0

'

'

67,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2016 (in shares)

'

'

'

'

0

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2017 (in shares)

'

'

'

'

0

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2018 (in shares)

'

'

'

'

0

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Thereafter (in shares)

'

'

'

'

0

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total options exercisable (in shares)

'

'

'

'

0

'

'

250,303

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options Weighted Average Option Exercise Price at [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

March 31, 2014 (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2014 (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2015 (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2016 (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2017 (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

December 31, 2018 (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Thereafter (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Decrease in income from continuing operations due to change in accounting pronouncement

$367,000

$132,000

$831,000

$287,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Decrease in net income due to change in accounting pronouncement

$228,000

$82,000

$518,000

$179,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss) per share after change in accounting pronouncement, basic (in dollars per share)

$0.59

$0.42

$2.39

$1.04

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss) per share after change in accounting pronouncement, diluted (in dollars per share)

$0.58

$0.40

$2.32

$1.01

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income (loss) per share - basic (in dollars per share)

$0.57

$0.41

$2.35

$1.02

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income per share - diluted (in dollars per share)

$0.56

$0.39

$2.28

$0.99

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Summary information about stock options outstanding [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Range of Exercise Price, Minimum (in dollars per share)

'

'

'

'

'

'

'

$2.45

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Range of Exercise Price, Maximum (in dollars per share)

'

'

'

'

$0

'

'

$4.59

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options Outstanding (in shares)

'

'

'

'

0

'

'

250,303

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Contractual Periods in Years

'

'

'

'

'0 years

'

'

'6 years 6 months 22 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Exercise Price (in dollars per share)

'

'

'

'

$0

'

'

$3.73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options Exercisable (in shares)

'

'

'

'

0

'

'

181,603

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Stockholders' Equity [Abstract]	'	'
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Common stock, authorized (in shares)	25,000,000	25,000,000
Common stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, issued (in shares)	13,594,962	10,901,716