FedNat Holding (FNHCQ) 10-Q11 May 152015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2015	3-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	FEDERATED NATIONAL HOLDING CO
Entity Central Index Key	1069996
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,172,923
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Investments
Debt maturities, available for sale, at fair value	$288,193	$284,099
Debt maturities, held to maturity, at amortized cost	7,462	7,417
Equity securities, available for sale, at fair value	40,726	39,247
Total investments	336,381	330,763
Cash and short term investments	88,163	40,157
Prepaid reinsurance premiums	46,039	54,502
Premiums receivable, net of allowance for credit losses of $148 and $148, respectively	29,809	27,275
Reinsurance recoverable, net	13,034	12,534
Deferred policy acquisition costs	15,765	13,610
Income taxes receivable	2,090	1,810
Property, plant and equipment, net	1,720	1,749
Other assets	8,265	7,231
Contingent quota-share profit sharing	14,000	14,000
Total assets	555,266	503,631
LIABILITIES AND SHAREHOLDERS' EQUITY
Unpaid losses and LAE	84,475	78,330
Unearned premiums	203,433	192,424
Debt	5,000	0
Premiums deposits and customer credit balances	11,291	7,381
Deferred income taxes, net	1,897	1,341
Claims payments outstanding	9,653	10,152
Accounts payable and accrued expenses	8,967	10,924
Deferred quota-share profit sharing	8,750	10,500
Total liabilities	333,466	311,052
Shareholders' equity:
Common stock, $0.01 par value. Authorized 25,000,000 shares; issued and outstanding 13,701,122 and 13,632,414, respectively	137	136
Preferred stock, $0.01 par value. Authorized 1,000,000 shares; none issued or outstanding	0	0
Additional paid-in capital	128,611	127,302
Accumulated other comprehensive income
Unrealized net gains on investments, available for sale	8,925	7,718
Total accumulated other comprehensive income	8,925	7,718
Retained earnings	66,140	57,423
Total Federated National Holding Company equity	203,813	192,579
Non-controlling interest	17,987	0
Total shareholders' equity	221,800	192,579
Total liabilities and shareholders' equity	$555,266	$503,631

CONSOLIDATED_BALANCE_SHEETS_UN1

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Premiums receivable, allowance for credit losses	$148	$148
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)	13,701,122	13,632,414
Common stock, outstanding (in shares)	13,701,122	13,632,414
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
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Gross premiums written	$106,702	$81,102
Gross premiums ceded	-25,958	-3,306
Net premiums written	80,744	77,796
Decrease in prepaid reinsurance premiums	-24,949	-16,795
Increase in unearned premiums	-11,009	-16,997
Net change in prepaid reinsurance premiums and unearned premiums	-35,958	-33,792
Net premiums earned	44,786	44,004
Commission income	1,126	954
Finance revenue	427	311
Direct written policy fees	2,492	1,827
Net investment income	1,546	1,007
Net realized investment gains	1,704	1,331
Other income	1,378	281
Quota-share profit sharing, net	1,477	0
Total revenue	54,936	49,715
Expenses:
Losses and LAE	23,949	20,828
Operating and underwriting expenses	6,322	3,667
Salaries and wages	5,137	3,050
Amortization of deferred policy acquisition costs	5,044	8,442
Total expenses	40,452	35,987
Income before provision for income tax expense	14,484	13,728
Provision for income tax expense	5,711	5,305
Income before non-controlling interest	8,773	8,423
Non-controlling interest	-511	0
Net income attributable to Federated National Holding Company common stockholders	$9,284	$8,423
Net income per share - basic (in dollars per share)	$0.68	$0.77
Net income per share - diluted (in dollars per share)	$0.66	$0.74
Weighted average number of common shares outstanding - basic (in shares)	13,656,190	10,948,646
Weighted average number of common shares outstanding - diluted (in shares)	13,976,131	11,317,458
Dividends paid per share (in dollars per share)	$0.04	$0.03

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Net income	$9,284	$8,423
Change in net unrealized gains on investments available for sale	1,965	880
Comprehensive income before tax	11,249	9,303
Income tax expense related to items of other comprehensive income	-758	-430
Comprehensive income	$10,491	$8,873

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flow from operating activities:
Net income	$9,284	$8,423
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of investment premium or discount, net	1,253	844
Depreciation and amortization of property plant and equipment, net	152	76
Net realized investment gains	-1,704	-1,331
Non-cash compensation	999	134
Changes in operating assets and liabilities:
Premiums receivable	-2,535	-1,537
Prepaid reinsurance premiums	8,463	6,755
Reinsurance recoverable, net	-500	33
Income taxes recoverable	-280	0
Deferred income tax expense, net of other comprehensive income	-202	-574
Policy acquisition costs, net of amortization	-2,156	-1,757
Other assets	-1,034	-970
Contingent quota-share profit sharing	-1,750	0
Unpaid losses and LAE	6,145	1,538
Unearned premiums	11,009	16,997
Debt	5,000	0
Premium deposits and customer credit balances	3,911	3,383
Income taxes payable	0	1,978
Claims payments outstanding	-499	-991
Accounts payable and accrued expenses	-1,957	-383
Net cash provided by operating activities	33,599	32,618
Cash flow used by investing activities:
Proceeds from sale of investment securities	56,264	20,946
Purchases of investment securities available for sale	-59,466	-44,387
Purchases of property and equipment	-122	-218
Net cash used by investing activities	-3,324	-23,659
Cash flow provided by financing activities:
Exercised stock options	27	353
Dividends paid	-566	-341
Non-controlling interest	17,987	0
Tax benefit related to non-cash compensation	283	72
Net cash provided by financing activities	17,731	84
Net increase in cash and short term investments	48,006	9,043
Cash and short term investments at beginning of period	40,157	41,446
Cash and short term investments at end of period	88,163	50,489
Cash paid during the period for:
Income taxes	5,662	3,885
Non-cash investing and finance activities:
Accrued dividends payable	$567	$336

Organization_and_Business

Organization and Business	3 Months Ended
	Mar. 31, 2015
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 23 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 wholly owned 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 3,800 independent agents, of which approximately 2,300 actively sell and service our products, FNIC is authorized to underwrite homeowners’, commercial general liability, fire, allied lines, and personal 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. FNIC also underwrites homeowners’ insurance in Alabama and Louisiana and just became admitted in South Carolina to underwrite homeowners insurance. Additionally, we underwrite personal automobile insurance in Georgia and Texas.

	FNIC is licensed as a non-admitted carrier in Missouri and Nevada and can underwrite commercial general liability insurance in these states. Currently, we do not have any operations in these states. A non-admitted carrier, sometimes referred to as an “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.

	The Company has entered into a joint venture to organize Monarch National Insurance Company, which received its certificate of authority to write homeowners’ property and casualty insurance in Florida from the Florida Office of Insurance Regulation (the “Florida OIR”) on March 19, 2015. The Company’s joint venture partners are a majority-owned limited partnership of Crosswinds Holdings Inc., f/k/a C.A. Bancorp Inc., a publicly traded Canadian private equity firm and asset manager; and Transatlantic Reinsurance Company. For more information regarding the organization of Monarch National Insurance Company, please see Note 11, Subsequent Events.

	We previously 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.

	As of September 30, 2014, we had satisfied all applicable conditions of the Consent Order we entered into in January 2011 (the “Consent Order”) with the Florida Office of Insurance Regulation (“Florida OIR”). We entered into the Consent Order in connection with the merger of our one of our wholly owned insurance subsidiaries, American Vehicle Insurance Company (“American Vehicle”), into FNIC, with FNIC continuing the operations of both entities. As of the date of this Report, the only operational restriction that remains in effect is a requirement to obtain OIR approval prior to writing commercial multi-peril business or any new commercial property business, including condo associations, under any other line of business for which FNIC is authorized. FNIC currently has no commercial multi-peril policy premium in-force and the current commercial habitation book of business is fully earned. The Consent Order required us to, among other things, limit the number of policies that we write in the Tri-County area and imposed certain other operational requirements on us, all of which we have complied with.

	During the three months ended March 31, 2015, 91.7%, 3.7%, 1.4% and 3.2% of the premiums we underwrote were for homeowners’, commercial general liability, federal flood, and automobile insurance, respectively. During the three months ended March 31, 2015, $19.7 million or 20.1% of the $97.8 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 $19.7 million of homeowners’ premiums produced under this agreement with ISA represents 82.6% of the total increase in the sale of homeowners’ policies during the three months ended March 31, 2015. During the three months ended March 31, 2014, $11.6 million or 15.7% of the $74.0 million of the homeowners’ premiums we underwrote were produced under an agency agreement with ISA. This network of agents began writing for FNIC in March 2013. During the three months ended March 31, 2014, 91.2%, 3.9%, 1.9% and 3.0% of the premiums we underwrote were for homeowners’, commercial general liability, federal flood, and automobile insurance, respectively.

	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.

	Fed Nat Underwriters, Inc. (“FNU”), formerly known as Assurance Managing General Agents, Inc., a wholly owned subsidiary of the Company, 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, Mississippi, Nevada, South Carolina and Texas. FNU has contracted with other unaffiliated insurance companies to sell personal umbrella 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 per policy fee which ranges from $25 to $55 and a commission fee from its affiliate, FNIC, which totaled 4% during the three months ended March 31, 2015. The Florida OIR periodically reviews our managing general agent’s fee structure to ensure that it is neither excessive nor inadequate to operate.

	We internally process claims made by our insureds through our wholly owned claims adjusting company, Federated National Adjusting, Inc. (“FNA”), formerly known as Superior Adjusting, Inc. 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 management team to cost effectively manage claims-related litigation and to monitor our claims handling practices for efficiency and regulatory compliance.

	During 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 effect on consolidated net income.

	Insure-Link, Inc. (“Insure-Link”) is our 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	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 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, 2015. 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, 2014 included in the Company’s Form 10-K, which was filed with the SEC on March 16, 2015.

	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 changes 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	3 Months Ended
	Mar. 31, 2015
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, 2014, which we included in the Company’s Annual Report on Form 10-K which was filed with the SEC on March 16, 2015.

	We believe that there were no significant changes in those critical accounting policies and estimates during the first three months of fiscal 2015. 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 weight 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.”

	A decline in the fair value of an available-for-sale security below cost that is deemed other-than-temporary results in a charge to income, resulting in the establishment of a new cost basis for the security. 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 frequently 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 March 31, 2015 and December 31, 2014. Changes in interest rates subsequent to March 31, 2015 and December 31, 2014 may affect the fair value of our investments.

	The carrying amounts for the following financial instrument categories approximate their fair values at March 31, 2015 and December 31, 2014 because of their short-term nature: cash and short-term investments, premiums receivable, finance contracts, due from reinsurers, revolving credit outstanding, claims payments outstanding, accounts payable and accrued expenses.

	(B) Impact of New Accounting Pronouncements

	In April 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (“ASU 2015-05”). ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. 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 February 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 amends the consolidation requirements and significantly changes the consolidation analysis required. The amendments in this ASU affect reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (i) modify the evaluation of whether limited partnership and similar legal entities are VIEs ,(ii) eliminate the presumption that a general partner should consolidate a limited partnership, (iii) affect the consolidation analysis of reporting entities that are involved with VIEs particularly those that have fee arrangements and related party relationships, and (iv) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Act of 1940 for registered money market funds. 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 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 non-vesting 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 three months ended March 31, 2015 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 2014 financial statements was necessary to conform to the 2015 presentation.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
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 loss 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 not assessed by the JUA Plan during 2015 or 2014. 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 2011 - 2014 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 $1.9 million as of March 31, 2015 compared with $1.3 million as of December 31, 2014.

	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 March 31, 2015 the Company has recorded a net deferred tax liability of $1.9 million. The primary reason for the increase in deferred tax liabilities include the tax impact of the appreciation in the market value of the available-for-sale securities. 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. 14^th 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)
	2015			545
	2016			714
	2017			726
	2018			740
	Thereafter			502
	Total		$	3,227

	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	3 Months Ended
Investments	Mar. 31, 2015
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 $5.6 million, or 1.7%, to $336.4 million as of March 31, 2015, compared with $330.8 million as of December 31, 2014.

	The debt and equity securities that are available-for-sale and carried at fair value represent 98% of total investments as of March 31, 2015 and December 31, 2014.

	We did not hold any trading investment securities during the three months ended March 31, 2015.

	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 three months ended March 31, 2015 and the three months ended March 31, 2014, respectively, in connection with the process, we have not charged operations with investment losses.

	As of March 31, 2015 and December 31, 2014, respectively, all of our securities are in good standing and not impaired as defined by FASB issued guidance.

	As of March 31, 2015 and December 31, 2014, our investments consisted primarily of corporate bonds held in various industries, municipal bonds and United States government bonds. As of March 31, 2015, 78% of our debt portfolio was in diverse industries and 22% was in United States government bonds. As of March 31, 2015, approximately 88% of our equity holdings were in equities related to diverse industries and 12% were in mutual funds. As of December 31, 2014, 77% of our debt portfolio was in diverse industries and 23% is in United States government bonds. As of December 31, 2014, approximately 88% of our equity holdings were in equities related to diverse industries and 12% were in mutual funds.

	As of March 31, 2015 and December 31, 2014, we have classified $7.5 million and $7.4 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 three months ended March 31, 2015 and 2014, we did not re-classify any 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 March 31, 2015 and December 31, 2014.

			31-Mar-15							31-Dec-14
			Carrying			Percent				Carrying			Percent
			Amount			of Total				Amount			of Total
			(Dollars in Thousands)
	Debt securities, at market:
	United States government obligations and authorities		$	59,549			17.7	%		$	62,323			18.84	%
	Obligations of states and political subdivisions			92,172			27.4	%			91,614			27.7	%
	Corporate			125,021			37.18	%			119,024			35.99	%
	International			11,451			3.4	%			11,138			3.37	%
				288,193			85.68	%			284,099			85.9	%
	Debt securities, at amortized cost:
	United States government obligations and authorities			4,564			1.36	%			4,490			1.36	%
	Corporate			2,701			0.8	%			2,681			0.81	%
	International			197			0.06	%			246			0.07	%
				7,462			2.22	%			7,417			2.24	%
	Total debt securities			295,655			87.9	%			291,516			88.14	%

	Equity securities, at market:			40,726			12.1	%			39,247			11.86	%
	Total investments		$	336,381			100	%		$	330,763			100	%

	The following table shows the realized gains (losses) for debt and equity securities for the three months ended March 31, 2015 and 2014.

		Three Months Ended March 31,
		2015							2014
		Gains			Fair Value				Gains			Fair Value
		(Losses)			at Sale				(Losses)			at Sale
		(Dollars in Thousands)

Debt securities		$	515		$	34,860			$	135		$	9,668
Equity securities			1,395			3,084				1,610			4,815
Total realized gains			1,910			37,944				1,745			14,483

Debt securities			(103	)	$	15,072				(70	)		3,699
Equity securities			(103	)		459				(344	)		1,338
Total realized losses			(206	)		15,531				(414	)		5,037

Net realized gains on investments		$	1,704		$	53,475			$	1,331		$	19,520

Net realized investment gains totaled $1.7 million for the three months ended March 31, 2015, compared with $1.3 million during the three months ended March 31, 2014.

A summary of the amortized cost, estimated fair value and gross unrealized gains and losses of debt and equity securities at March 31, 2015 and December 31, 2014 is as follows.

		Amortized			Gross				Gross			Estimated
		Cost			Unrealized				Unrealized			Fair Value
					Gains				Losses
		(Dollars in Thousands)
31-Mar-15
Debt Securities - Available-For-Sale:
United States government obligations and authorities		$	58,136		$	1,466			$	53		$	59,549
Obligations of states and political subdivisions			91,125			1,102				55			92,172
Corporate			122,736			2,396				111			125,021
International			11,340			118				7			11,451
		$	283,337		$	5,082			$	226		$	288,193

Debt Securities - Held-To-Maturity:
United States government obligations and authorities		$	4,564		$	54			$	131		$	4,487
Corporate			2,701			52				1			2,752
International			197			3				-			200
		$	7,462		$	109			$	132		$	7,439

Equity securities - common stocks		$	31,200		$	10,231			$	705		$	40,726

31-Dec-14
Debt Securities - Available-For-Sale:
United States government obligations and authorities		$	61,376		$	1,022			$	75		$	62,323
Obligations of states and political subdivisions			90,728			956				70			91,614
Corporate			117,778			1,578				332			119,024
International			11,139			53				54			11,138
		$	281,021		$	3,609			$	531		$	284,099

Debt Securities - Held-To-Maturity:
United States government obligations and authorities		$	4,490		$	41			$	225		$	4,306
Corporate			2,681			31				5			2,707
International			246			1				1			246
		$	7,417		$	73			$	231		$	7,259

Equity securities - common stocks		$	29,908		$	9,836			$	497		$	39,247

The table below reflects our unrealized investment losses by investment class, aged for length of time in a continuous unrealized loss position as of March 31, 2015.

		Unrealized Losses			Less than 12 months				12 months or longer
		(Dollars in Thousands)
Debt securities:
United States government obligations and authorities		$	54		$	49			$	5
Obligations of states and political subdivisions			55			55				-
Corporate			111			68				43
International			5			5				-
			225			177				48
Equity securities:
Common stocks			706			672				34

Total debt and equity securities		$	931		$	849			$	82

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, 2014.

		Unrealized Losses			Less than 12 months				12 months or longer
		(Dollars in Thousands)
Debt securities:
United States government obligations and authorities		$	75		$	22			$	53
Obligations of states and political subdivisions			70			66				4
Corporate			332			260				72
International			54			54				-
			531			402				129
Equity securities:
Common stocks			497			461				36

Total debt and equity securities		$	1,028		$	863			$	165

Below is a summary of debt securities at March 31, 2015 and December 31, 2014, 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.

		31-Mar-15							31-Dec-14
		Amortized			Estimated				Amortized			Estimated
		Cost			Fair Value				Cost			Fair Value
		(Dollars in Thousands)

Due in one year or less		$	17,357		$	17,355			$	16,777		$	16,797
Due after one through five years			169,008			170,974				173,236			174,273
Due after five through ten years			104,439			107,274				98,404			100,259
Due after ten years			26			33				26			33

Total		$	290,830		$	295,636			$	288,443		$	291,362

United States Treasury notes with a book value of $64,639 and $2,055,445, maturing in 2016 and 2022, and a certificate of deposit with a book value of $0.3 million, were on deposit with the Florida OIR as of March 31, 2015, as required by law for FNIC and Monarch Insurance, respectively, and are included with other investments held until maturity.

United States Treasury notes with a book value of $61,465 and $2,208,588, maturing in 2016 and 2022, respectively, were on deposit with the Florida OIR as of December 31, 2014, 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 March 31, 2015 and 2014.

		Three Months Ended March 31,
		2015			2014
		(Dollars in Thousands)

Interest on debt securities		$	1,342		$	895
Dividends on equity securities			106			111
Interest on cash and cash equivalents			98			1

Total investment income		$	1,546		$	1,007

Net realized gains		$	1,704		$	1,331

Proceeds from sales, pay downs and maturities of debt securities and proceeds from sales of equity securities during the three months ended March 31, 2015 and 2014, were approximately $56.3 million and $20.9 million, respectively.

The table below sets forth a summary of net realized investment gains during the three months ended March 31, 2015 and 2014.

		Three Months Ended March 31,
		2015			2014
		(Dollars in Thousands)
Net realized gains
Debt securities		$	412		$	65
Equity securities			1,292			1,266

Total		$	1,704		$	1,331

The table below sets forth a summary of net unrealized investment gains as of March 31, 2015 and December 31, 2014.

		Unrealized Gains
		31-Mar-15			31-Dec-14
		(Dollars in Thousands)
Net unrealized gains
Debt securities		$	4,856		$	3,078
Equity securities			9,526			9,339

Total		$	14,382		$	12,417

Fair_Value_Disclosure

Fair Value Disclosure	3 Months Ended
Fair Value Disclosure	Mar. 31, 2015
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 March 31, 2015, presented in accordance with this guidance, are as follows.

			As of March 31, 2015
			Level 1		Level 2		Level 3		Total
			(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities		$	39,419	$	20,130	$	-	$	59,549
	Obligations of states and political subdivisions			-		92,172		-		92,172
	Corporate			-		125,021		-		125,021
	International			-		11,451		-		11,451
				39,419		248,774		-		288,193

	Equity securities:
	Common stocks			40,726		-		-		40,726
				40,726		-		-		40,726

	Total debt and equity securities		$	80,145	$	248,774	$	-	$	328,919

	Assets measured at fair value on a recurring basis as of December 31, 2014, presented in accordance with this guidance, are as follows.

			As of December 31, 2014
			Level 1		Level 2		Level 3		Total
			(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities		$	46,002	$	16,321	$	-	$	62,323
	Obligations of states and political subdivisions			-		91,614		-		91,614
	Corporate			-		119,024		-		119,024
	International			-		11,138		-		11,138
				46,002		238,097		-		284,099

	Equity securities:
	Common stocks			39,247		-		-		39,247
				39,247		-		-		39,247

	Total debt and equity securities		$	85,249	$	238,097	$	-	$	323,346

Reinsurance_Agreements

Reinsurance Agreements	3 Months Ended
Reinsurance Agreements	Mar. 31, 2015
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 of the risk.

	Generally, there are three separate kinds of reinsurance structures – quota share, excess of loss, and facultative, each considered either proportional or non-proportional. 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 $1.01 billion, with the Company retaining the first $11.20 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 $40.20 million payable to the FHCF and the prepaid automatic premium reinstatement protection, is approximately $117.0 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 $117.0 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 $8.8 million and $10.5 million as of March 31, 2015 and December 31, 2014, respectively. 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 was an increase of $0.4 million. 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 $4.9 million as of March 31, 2015 and December 31, 2014.

We are selective in choosing reinsurers and consider numerous factors, the most important of which are the financial stability of the reinsurer, its history of responding to claims and its 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	3 Months Ended
Unpaid losses and LAE	Mar. 31, 2015
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
			31-Mar-15			31-Dec-14
			(Dollars in Thousands)

	Balance at January 1		$	78,330		$	61,016
	Less reinsurance recoverables			(12,534	)		(2,742	)
	Net balance at January 1		$	65,796		$	58,274

	Incurred related to
	Current year		$	28,180		$	79,932
	Prior years			(4,231	)		1,104
	Total incurred		$	23,949		$	81,036

	Paid related to
	Current year		$	6,908		$	42,391
	Prior years			11,396			31,123
	Total paid		$	18,304		$	73,514

	Net balance at period end		$	71,441		$	65,796
	Plus reinsurance recoverables			13,034			12,534
	Balance as of period end		$	84,475		$	78,330

	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 decreased the liability for losses and LAE for claims occurring in prior years by $4.2 million during the three months ended March 31, 2015. We increased the liability for losses and LAE for claims occurring in prior years by $1.1 million during the year ended December 31, 2014.

	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	3 Months Ended
Stock Compensation Plans	Mar. 31, 2015
Stock Compensation Plans [Abstract]
Stock Compensation Plans	(9)	Stock Compensation Plans
	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 March 31, 2015 and December 31, 2014, we had outstanding exercisable options to purchase 210,284 and 219,285 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.

	On December 9, 2014, a total of 50,000 restricted shares from the 2012 Plan were granted to the Company’s Chief Executive Officer and President pursuant to the vesting requirements and other terms and conditions set forth in the restricted stock agreement.

	On March 10, 2015, a total of 66,140 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, 32,997 shares were granted to the Company's Chief Executive Officer and President and 9,551 shares were granted to the Company's Chief Financial Officer. An aggregate of 6,252 shares were granted to the Company's directors and the remaining 17,340 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, 2013 to March 31, 2015 is as follows.

			1998 Plan							2002 Plan							2012 Plan
			Number of				Weighted Average			Number of				Weighted			Number of			Fair Market
			Shares				Option Exercise			Shares				Average			Shares			Value at Grant
							Price							Option
														Exercise Price
	Outstanding at January 1, 2013			78,500			$	12.73			702,597			$	5.17			-		$	-
	Granted			-			$	-			-			$	-			250,000		$	5.54
	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		$	5.54
	Granted			-			$	-			-			$	-			268,648		$	5.54
	Exercised			(3,000	)		$	8.67			(299,735	)		$	5.1			(68,988	)	$	-
	Cancelled			-			$	-			(4,501	)		$	3.49			(1,359	)	$	5.54
	Outstanding at January 1, 2015			-			$	8.67			219,285			$	3.79			447,801		$	5.54
	Granted			-			$	-			-			$	-			66,140		$	28.79
	Exercised			-			$	-			(9,001	)		$	2.98			(59,707	)	$	10.47
	Cancelled			-			$	-			-			$	-			-		$	-
	Outstanding at March 31, 2015			-			$	-			210,284			$	3.83			454,234		$	19.41

	Options outstanding as of March 31, 2015 are exercisable as follows.

			2002 Plan
	Options Exercisable at:		Number of				Weighted
			Shares				Average
							Option
							Exercise Price

	31-Mar-15			153,584			$	3.83
	31-Dec-15			56,700			$	3.83
	31-Dec-16			-			$	3.83
	31-Dec-17			-			$	3.83
	31-Dec-18			-			$	3.83
	31-Dec-19			-			$	3.83
	Thereafter			-			$	3.83
	Total options exercisable			210,284

	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 2015 and 2014 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 March 31, 2015 are lower by approximately $752,000 and $469,000, 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 March 31, 2014 are lower by approximately $192,000 and $119,000, 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 March 31, 2015 would have been $0.71 and $0.69, respectively, if the Company had not adopted FASB issued guidance, compared with reported basic and diluted earnings per share of $0.68 and $0.66, respectively. Basic and diluted earnings per share for the three months ended March 31, 2014 would have been $0.78 and $0.75, respectively, if the Company had not adopted FASB issued guidance, compared with reported basic and diluted earnings per share of $0.77 and $0.74, 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 March 31, 2015 is as follows.

		Range of				Outstanding at			Weighted Average				Weighted			Exercisable at
		Exercise Price				31-Mar-15			Contractual				Average			31-Mar-15
									Periods in Years				Exercise Price
2002 Plan		$	2.45 - $4.40				210,284			6.41			$	3.83			153,584

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015, there were no preferred shares issued or outstanding and there were 13,701,122 shares of common stock outstanding.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	-11	Subsequent Events

	The Company has entered into a joint venture to organize Monarch National Insurance Company (“Monarch Insurance”), which received its certificate of authority to write homeowners’ property and casualty insurance in Florida from the Florida Office of Insurance Regulation (the “Florida OIR”) on March 19, 2015. The Company’s joint venture partners are a majority-owned limited partnership of Crosswinds Holdings Inc., f/k/a C.A. Bancorp Inc., a publicly traded Canadian private equity firm and asset manager (“Crosswinds”); and Transatlantic Reinsurance Company (“TransRe”).

	The Company and Crosswinds have each invested $14.0 million in Monarch Delaware Holdings LLC, the indirect parent company of Monarch Insurance (“Monarch Delaware”), for a 42.4% interest in Monarch Delaware (each holding 50% of the voting interests in Monarch Delaware). TransRe has invested $5.0 million for a 15.2% non-voting interest in Monarch Delaware and has advanced an additional $5.0 million in debt evidenced by a six-year promissory note bearing 6% annual interest payable by Monarch National Holding Company (“Monarch Holding”), a wholly owned subsidiary of Monarch Delaware and the direct parent company of Monarch Insurance.

	In connection with the organization of Monarch Insurance, the parties entered into the following agreements dated as of March 17, 2015:

	·	Monarch Insurance entered into a Managing General Agent and Claims Administration Agreement (the “Monarch MGA Agreement”) with FNU, a wholly owned subsidiary of the Company, pursuant to which FNU provides underwriting, accounting, reinsurance placement and claims administration services to Monarch. For its services under the Monarch MGA Agreement, FNU will receive 4% of Monarch’s total written annual premium, excluding acquisition expenses payable to agents, for FNU’s managing general agent services; 3.6% of Monarch’s total earned annual premium for FNU’s claims administration services; and a per-policy administrative fee of $25 for each policy underwritten for Monarch. The Company will also receive an annual expense reimbursement for accounting and related services.

	·	Monarch Insurance, Monarch Holding and Monarch Delaware (collectively, the “Monarch Entities”) entered into an Investment Management Agreement (the “Monarch Investment Agreement”) with Crosswinds AUM LLC, a wholly owned subsidiary of Crosswinds (“Crosswinds AUM”), pursuant to which Crosswinds AUM will manage the investment portfolios of the Monarch Entities. The management fee, on an annual basis, is 0.75% of assets under management up to $100 million; 0.50% of assets under management of more than $100 million but less than $200 million; and 0.30% of assets under management of more than $200 million.

	·	Monarch Insurance also entered into a Reinsurance Capacity Right of First Refusal Agreement with TransRe, pursuant to which TransRe has a right of first refusal for all quota share and excess of loss reinsurance that Monarch Insurance deems necessary in its sole discretion for so long as TransRe remains a member of Monarch Delaware or the Monarch Holding debt remains outstanding. Pursuant to this agreement, TransRe has the right to provide, at market rates and terms, a maximum of 15% of any reinsurance coverage obtained by Monarch Delaware in any individual reinsurance contract.

	·	The Limited Liability Company Agreement of Monarch Delaware Holdings LLC dated as of March 17, 2015 (the “Monarch LLC Agreement”) provides that Monarch Delaware is managed by a seven-member Board of Managers, three of whom have been designated by the Company, three of whom have been designated by Crosswinds, and one who will be jointly selected by the Company and Crosswinds. The Company’s designees are Michael H. Braun, the Company’s President and Chief Executive Officer and a director of the Company; Peter J. Prygelski, III, the Company’s Chief Financial Officer and a director of the Company; and Jenifer G. Kimbrough, a director of the Company. Crosswinds’ designees are Colin King, Robert Wolf, and Charles S. Duncker. The Company and Crosswinds have agreed to identify the seventh member of the Board of Managers within six months.

	·	The LLC Agreement provides that certain material transactions must be approved by a supermajority of the managers, including a termination, amendment or non-renewal of the Monarch MGA Agreement or the Monarch Investment Agreement. The Company will be entitled to receive a termination fee equal to the aggregate fees paid under the Monarch MGA Agreement for the 12 calendar months prior to the date of termination, if the Monarch MGA Agreement is terminated other than for cause. The Monarch LLC Agreement also provides the members with certain redemption, tag-along, drag-along and buy-sell rights. In addition, the Monarch LLC Agreement provides the Company and Crosswinds with the right, for 24 months from the closing date, to participate in certain other transactions relating to the formation or acquisition of homeowners’ property and casualty insurers undertaken by the other.

	In connection with the organization of Monarch Insurance, the Company’s Board of Directors approved amendments dated March 17, 2015 to the Amended and Restated Non-Competition, Non-Disclosure and Non-Solicitation Agreements dated as of August 5, 2013 with each of Mr. Braun and Mr. Prygelski (each, a “Restrictive Covenant Agreement”) to permit each of them to hold their respective positions with the Monarch Entities while remaining employed by the Company. Mr. Braun’s Restrictive Covenant Agreement was further amended to permit him to continue to hold his positions with the Monarch Entities if he is terminated without cause by the Company. In addition, Mr. Braun’s Second Amended and Restated Employment Agreement dated as of January 18, 2012 (the “Employment Agreement”) was amended to extend the term of his Employment Agreement to four years from the date of the amendment (the “Term”) with automatic extensions so that at all times the balance of the Term is not less than two years unless sooner terminated as provided in the Employment Agreement.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies and Practices (Policies)	3 Months Ended
	Mar. 31, 2015
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, 2014, which we included in the Company’s Annual Report on Form 10-K which was filed with the SEC on March 16, 2015.

	We believe that there were no significant changes in those critical accounting policies and estimates during the first three months of fiscal 2015. 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 weight 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.”

	A decline in the fair value of an available-for-sale security below cost that is deemed other-than-temporary results in a charge to income, resulting in the establishment of a new cost basis for the security. 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 frequently 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 March 31, 2015 and December 31, 2014. Changes in interest rates subsequent to March 31, 2015 and December 31, 2014 may affect the fair value of our investments.

	The carrying amounts for the following financial instrument categories approximate their fair values at March 31, 2015 and December 31, 2014 because of their short-term nature: cash and short-term investments, premiums receivable, finance contracts, due from reinsurers, revolving credit outstanding, claims payments outstanding, accounts payable and accrued expenses.
Impact of New Accounting Pronouncements	(B) Impact of New Accounting Pronouncements

	In April 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (“ASU 2015-05”). ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. 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 February 2015, the FASB issued Accounting Standard Update (“ASU”) 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 amends the consolidation requirements and significantly changes the consolidation analysis required. The amendments in this ASU affect reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (i) modify the evaluation of whether limited partnership and similar legal entities are VIEs ,(ii) eliminate the presumption that a general partner should consolidate a limited partnership, (iii) affect the consolidation analysis of reporting entities that are involved with VIEs particularly those that have fee arrangements and related party relationships, and (iv) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Act of 1940 for registered money market funds. 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 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 non-vesting 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 three months ended March 31, 2015 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 2014 financial statements was necessary to conform to the 2015 presentation.

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2015
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)
	2015		545
	2016		714
	2017		726
	2018		740
	Thereafter		502
	Total	$	3,227

Investments_Tables

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2015
Investments [Abstract]
Schedule of investments	The following table summarizes, by type, our investments as of March 31, 2015 and December 31, 2014.

		31-Mar-15						31-Dec-14
		Carrying			Percent			Carrying			Percent
		Amount			of Total			Amount			of Total
		(Dollars in Thousands)
	Debt securities, at market:
	United States government obligations and authorities	$	59,549			17.7	%	$	62,323			18.84	%
	Obligations of states and political subdivisions		92,172			27.4	%		91,614			27.7	%
	Corporate		125,021			37.18	%		119,024			35.99	%
	International		11,451			3.4	%		11,138			3.37	%
			288,193			85.68	%		284,099			85.9	%
	Debt securities, at amortized cost:
	United States government obligations and authorities		4,564			1.36	%		4,490			1.36	%
	Corporate		2,701			0.8	%		2,681			0.81	%
	International		197			0.06	%		246			0.07	%
			7,462			2.22	%		7,417			2.24	%
	Total debt securities		295,655			87.9	%		291,516			88.14	%

	Equity securities, at market:		40,726			12.1	%		39,247			11.86	%
	Total investments	$	336,381			100	%	$	330,763			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 March 31, 2015 and 2014.

		Three Months Ended March 31,
		2015						2014
		Gains			Fair Value			Gains			Fair Value
		(Losses)			at Sale			(Losses)			at Sale
		(Dollars in Thousands)

	Debt securities	$	515		$	34,860		$	135		$	9,668
	Equity securities		1,395			3,084			1,610			4,815
	Total realized gains		1,910			37,944			1,745			14,483

	Debt securities		(103	)	$	15,072			(70	)		3,699
	Equity securities		(103	)		459			(344	)		1,338
	Total realized losses		(206	)		15,531			(414	)		5,037

	Net realized gains on investments	$	1,704		$	53,475		$	1,331		$	19,520
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 March 31, 2015 and December 31, 2014 is as follows.

		Amortized			Gross			Gross			Estimated
		Cost			Unrealized			Unrealized			Fair Value
					Gains			Losses
		(Dollars in Thousands)
	31-Mar-15
	Debt Securities - Available-For-Sale:
	United States government obligations and authorities	$	58,136		$	1,466		$	53		$	59,549
	Obligations of states and political subdivisions		91,125			1,102			55			92,172
	Corporate		122,736			2,396			111			125,021
	International		11,340			118			7			11,451
		$	283,337		$	5,082		$	226		$	288,193

	Debt Securities - Held-To-Maturity:
	United States government obligations and authorities	$	4,564		$	54		$	131		$	4,487
	Corporate		2,701			52			1			2,752
	International		197			3			-			200
		$	7,462		$	109		$	132		$	7,439

	Equity securities - common stocks	$	31,200		$	10,231		$	705		$	40,726

	31-Dec-14
	Debt Securities - Available-For-Sale:
	United States government obligations and authorities	$	61,376		$	1,022		$	75		$	62,323
	Obligations of states and political subdivisions		90,728			956			70			91,614
	Corporate		117,778			1,578			332			119,024
	International		11,139			53			54			11,138
		$	281,021		$	3,609		$	531		$	284,099

	Debt Securities - Held-To-Maturity:
	United States government obligations and authorities	$	4,490		$	41		$	225		$	4,306
	Corporate		2,681			31			5			2,707
	International		246			1			1			246
		$	7,417		$	73		$	231		$	7,259

	Equity securities - common stocks	$	29,908		$	9,836		$	497		$	39,247
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 March 31, 2015.

		Unrealized Losses			Less than 12 months			12 months or longer
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	54		$	49		$	5
	Obligations of states and political subdivisions		55			55			-
	Corporate		111			68			43
	International		5			5			-
			225			177			48
	Equity securities:
	Common stocks		706			672			34

	Total debt and equity securities	$	931		$	849		$	82

	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, 2014.

		Unrealized Losses			Less than 12 months			12 months or longer
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	75		$	22		$	53
	Obligations of states and political subdivisions		70			66			4
	Corporate		332			260			72
	International		54			54			-
			531			402			129
	Equity securities:
	Common stocks		497			461			36

	Total debt and equity securities	$	1,028		$	863		$	165
Investments classified by contractual maturity date	Below is a summary of debt securities at March 31, 2015 and December 31, 2014, 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.

		31-Mar-15						31-Dec-14
		Amortized			Estimated			Amortized			Estimated
		Cost			Fair Value			Cost			Fair Value
		(Dollars in Thousands)

	Due in one year or less	$	17,357		$	17,355		$	16,777		$	16,797
	Due after one through five years		169,008			170,974			173,236			174,273
	Due after five through ten years		104,439			107,274			98,404			100,259
	Due after ten years		26			33			26			33

	Total	$	290,830		$	295,636		$	288,443		$	291,362
Investment income	The table below sets forth investment results for the three months ended March 31, 2015 and 2014.

		Three Months Ended March 31,
		2015			2014
		(Dollars in Thousands)

	Interest on debt securities	$	1,342		$	895
	Dividends on equity securities		106			111
	Interest on cash and cash equivalents		98			1

	Total investment income	$	1,546		$	1,007

	Net realized gains	$	1,704		$	1,331
Net realized and unrealized investment gains	The table below sets forth a summary of net realized investment gains during the three months ended March 31, 2015 and 2014.

		Three Months Ended March 31,
		2015			2014
		(Dollars in Thousands)
	Net realized gains
	Debt securities	$	412		$	65
	Equity securities		1,292			1,266

	Total	$	1,704		$	1,331

	The table below sets forth a summary of net unrealized investment gains as of March 31, 2015 and December 31, 2014.

		Unrealized Gains
		31-Mar-15			31-Dec-14
		(Dollars in Thousands)
	Net unrealized gains
	Debt securities	$	4,856		$	3,078
	Equity securities		9,526			9,339

	Total	$	14,382		$	12,417

Fair_Value_Disclosure_Tables

Fair Value Disclosure (Tables)	3 Months Ended
Fair Value Disclosure (Tables)	Mar. 31, 2015
Fair Value Disclosure [Abstract]
Assets measured at fair value on a recurring basis	Assets measured at fair value on a recurring basis as of March 31, 2015, presented in accordance with this guidance, are as follows.

		As of March 31, 2015
		Level 1		Level 2		Level 3		Total
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	39,419	$	20,130	$	-	$	59,549
	Obligations of states and political subdivisions		-		92,172		-		92,172
	Corporate		-		125,021		-		125,021
	International		-		11,451		-		11,451
			39,419		248,774		-		288,193

	Equity securities:
	Common stocks		40,726		-		-		40,726
			40,726		-		-		40,726

	Total debt and equity securities	$	80,145	$	248,774	$	-	$	328,919

	Assets measured at fair value on a recurring basis as of December 31, 2014, presented in accordance with this guidance, are as follows.

		As of December 31, 2014
		Level 1		Level 2		Level 3		Total
		(Dollars in Thousands)
	Debt securities:
	United States government obligations and authorities	$	46,002	$	16,321	$	-	$	62,323
	Obligations of states and political subdivisions		-		91,614		-		91,614
	Corporate		-		119,024		-		119,024
	International		-		11,138		-		11,138
			46,002		238,097		-		284,099

	Equity securities:
	Common stocks		39,247		-		-		39,247
			39,247		-		-		39,247

	Total debt and equity securities	$	85,249	$	238,097	$	-	$	323,346

Reinsurance_Agreements_Tables

Reinsurance Agreements (Tables)	3 Months Ended
Reinsurance Agreements (Tables)	Mar. 31, 2015
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)	3 Months Ended
Unpaid losses and LAE (Tables)	Mar. 31, 2015
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
		31-Mar-15			31-Dec-14
		(Dollars in Thousands)

	Balance at January 1	$	78,330		$	61,016
	Less reinsurance recoverables		(12,534	)		(2,742	)
	Net balance at January 1	$	65,796		$	58,274

	Incurred related to
	Current year	$	28,180		$	79,932
	Prior years		(4,231	)		1,104
	Total incurred	$	23,949		$	81,036

	Paid related to
	Current year	$	6,908		$	42,391
	Prior years		11,396			31,123
	Total paid	$	18,304		$	73,514

	Net balance at period end	$	71,441		$	65,796
	Plus reinsurance recoverables		13,034			12,534
	Balance as of period end	$	84,475		$	78,330

Stock_Compensation_Plans_Table

Stock Compensation Plans (Tables)	3 Months Ended
Stock Compensation Plans (Tables)	Mar. 31, 2015
Stock Compensation Plans [Abstract]
Activity in stock option plans	Activity in our stock option and incentive plans for the period from January 1, 2013 to March 31, 2015 is as follows.

		1998 Plan					2002 Plan					2012 Plan
		Number of			Weighted Average		Number of			Weighted		Number of			Fair Market
		Shares			Option Exercise		Shares			Average		Shares			Value at Grant
					Price					Option
										Exercise Price
	Outstanding at January 1, 2013		78,500		$	12.73		702,597		$	5.17		-		$	-
	Granted		-		$	-		-		$	-		250,000		$	5.54
	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		$	5.54
	Granted		-		$	-		-		$	-		268,648		$	5.54
	Exercised		(3,000	)	$	8.67		(299,735	)	$	5.1		(68,988	)	$	-
	Cancelled		-		$	-		(4,501	)	$	3.49		(1,359	)	$	5.54
	Outstanding at January 1, 2015		-		$	8.67		219,285		$	3.79		447,801		$	5.54
	Granted		-		$	-		-		$	-		66,140		$	28.79
	Exercised		-		$	-		(9,001	)	$	2.98		(59,707	)	$	10.47
	Cancelled		-		$	-		-		$	-		-		$	-
	Outstanding at March 31, 2015		-		$	-		210,284		$	3.83		454,234		$	19.41
Maturity schedule of exercisable options outstanding	Options outstanding as of March 31, 2015 are exercisable as follows.

		2002 Plan
	Options Exercisable at:	Number of			Weighted
		Shares			Average
					Option
					Exercise Price

	31-Mar-15		153,584		$	3.83
	31-Dec-15		56,700		$	3.83
	31-Dec-16		-		$	3.83
	31-Dec-17		-		$	3.83
	31-Dec-18		-		$	3.83
	31-Dec-19		-		$	3.83
	Thereafter		-		$	3.83
	Total options exercisable		210,284
Summary of information about the stock option plans	Summary information about the Company’s stock option plans at March 31, 2015 is as follows.

		Range of			Outstanding at		Weighted Average			Weighted		Exercisable at
		Exercise Price			31-Mar-15		Contractual			Average		31-Mar-15
							Periods in Years			Exercise Price
	2002 Plan	$	2.45 - $4.40			210,284		6.41		$	3.83		153,584

Organization_and_Business_Deta

Organization and Business (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
	Carrier
	Agent
Business Organization [Line Item]
Years in business (minimum)	23 years
Number of independent agents	3,800
Number of agents that actively sell and service the entity's products	2,300
Ratio of homeowners' premiums underwritten to total premiums underwritten (in hundredths)	91.70%	91.20%
Ratio of commercial general liability premiums underwritten to total premiums underwritten (in hundredths)	3.70%	3.90%
Ratio of federal flood premiums underwritten to total premiums underwritten (in hundredths)	1.40%	1.90%
Ratio of automobile insurance premiums underwritten to total premiums underwritten (in hundredths)	3.20%	3.00%
Portion of homeowners' gross premium written produced under the agreement with "ISA"	$19,700,000	$11,600,000
Percentage of homeowners' gross premium written produced under the agreement with "ISA" (in hundredths)	20.10%	15.70%
Homeowners' gross premiums written	97,800,000	74,000,000
Percentage of total increase in sale of Homeowners' policy related to ISA (in hundredths)	82.60%
Number of carriers the entity provides insurance through	40
Original percentage commission fee from its affiliate (in hundredths)	4.00%
Minimum [Member]
Business Organization [Line Item]
Fees earned per policy	25
Maximum [Member]
Business Organization [Line Item]
Fees earned per policy	$55

Summary_of_Significant_Account2

Summary of Significant Accounting Policies and Practices (Details)	3 Months Ended
	Mar. 31, 2015
	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
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
	Category
	sqft
Loss Contingencies [Line Items]
Number of major categories the entity commitments and contingencies are grouped into	3
Net deferred tax liability	$1,897	$1,341	$1,300
Square footage of office facility	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
Expected future lease payments [Abstract]
2014	545
2015	714
2016	726
2017	740
Thereafter	502
Total	$3,227

Investments_Details

Investments (Details) (USD $)	3 Months Ended		12 Months Ended
Investments (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Investments [Abstract]
Increase in total investments	$5,600,000
Percentage increase in investments (in hundredths)	1.70%
Total investments	336,381,000		330,763,000
Ratio of available-for-sale securities to total investments (in hundredths)	98.00%		98.00%
Debt securities at amortized cost [Line Items]
Debt Securities - Held-To-Maturity, Amortized Cost	7,462,000		7,417,000
Bond portfolio reclassified between available-for-sale and held-to-maturity	0		0
Debt securities, at market [Abstract]
Debt securities, at market	288,193,000		284,099,000
Percent of debt securities at market to total investments (in hundredths)	85.68%		85.90%
Debt securities, at amortized cost [Abstract]
Debt securities, at amortized cost	7,462,000		7,417,000
Percent of debt securities at amortized cost to total investments (in hundredths)	2.22%		2.24%
Total debt securities	295,655,000		291,516,000
Percent of debt securities to total investments (in hundredths)	87.90%		88.14%
Equity securities, at market	40,726,000		39,247,000
Percentage of equity securities to total investments (in hundredths)	12.10%		11.86%
Total investments	336,381,000		330,763,000
Total investments (in hundredths)	100.00%		100.00%
Realized gains (losses) [Abstract]
Total realized gains	1,910,000	1,745,000
Fair Value at Sale of securities with realized gains	37,944,000	14,483,000
Total realized losses	-206,000	-414,000
Fair Value at Sale of securities with realized losses	15,531,000	5,037,000
Net realized gains (losses) on investments	1,704,000	1,331,000
Fair Value of Investments at Sale	53,475,000	19,520,000
Debt Securities - Available-For-Sale [Abstract]
Debt Securities - Available-For-Sale, Amortized Cost	283,337,000		281,021,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	5,082,000		3,609,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	226,000		531,000
Debt Securities - Available-For-Sale, Estimated Fair Value	288,193,000		284,099,000
Debt Securities - Held-To-Maturity [Abstract]
Debt Securities - Held-To-Maturity, Amortized Cost	7,462,000		7,417,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	109,000		73,000
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	132,000		231,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	7,439,000		7,259,000
Equity securities - common stocks, Amortized Cost	31,200,000		29,908,000
Equity securities - common stocks, Gross Unrealized Gains	10,231,000		9,836,000
Equity securities - common stocks, Gross Unrealized Loss	705,000		497,000
Equity securities - common stocks, Estimated Fair Value	40,726,000		39,247,000
Continuous unrealized loss position [Abstract]
Debt/Equity securities, Unrealized (Losses)	931,000		1,028,000
Debt/Equity securities, Less than 12 months	849,000		863,000
Debt/Equity securities, 12 months or longer	82,000		165,000
Amortized Cost [Abstract]
Due in one year or less, Amortized Cost	17,357,000		16,777,000
Due after one through five years, Amortized Cost	169,008,000		173,236,000
Due after five through ten years, Amortized Cost	104,439,000		98,404,000
Due after ten years, Amortized Cost	26,000		26,000
Total Amortized Cost	290,830,000		288,443,000
Estimated Fair Value [Abstract]
Due in one year or less, Estimated Fair Value	17,355,000		16,797,000
Due after one through five years, Estimated Fair Value	170,974,000		174,273,000
Due after five through ten years, Estimated Fair Value	107,274,000		100,259,000
Due after ten years, Estimated Fair Value	33,000		33,000
Total Estimated Fair Value	295,636,000		291,362,000
Investment income [Abstract]
Interest on debt securities	1,342,000	895,000
Dividends on equity securities	106,000	111,000
Interest on cash and cash equivalents	98,000	1,000
Total investment income	1,546,000	1,007,000
Net realized gains	1,704,000	1,331,000
Proceeds from sales and maturity of marketable securities	56,264,000	20,946,000
Net realized and unrealized investment gains [Abstract]
Net realized gains	1,704,000	1,331,000
Net unrealized gains	14,382,000		12,417,000
Diverse Industries Debt Securities [Member]
Debt securities at amortized cost [Line Items]
Percentage of debt securities to total debt portfolio (in hundredths)	78.00%		77.00%
United States Government Bonds [Member]
Debt securities at amortized cost [Line Items]
Percentage of debt securities to total debt portfolio (in hundredths)	22.00%		23.00%
Diverse Industries Equity Securities [Member]
Debt securities at amortized cost [Line Items]
Percentage of equity holdings to total equity portfolio (in hundredths)	88.00%		88.00%
Mutual Funds [Member]
Debt securities at amortized cost [Line Items]
Percentage of equity holdings to total equity portfolio (in hundredths)	12.00%		12.00%
United States Government Obligations and Authorities [Member]
Debt securities at amortized cost [Line Items]
Debt Securities - Held-To-Maturity, Amortized Cost	4,564,000		4,490,000
Debt securities, at market [Abstract]
Debt securities, at market	59,549,000		62,323,000
Percent of debt securities at market to total investments (in hundredths)	17.70%		18.84%
Debt securities, at amortized cost [Abstract]
Debt securities, at amortized cost	4,564,000		4,490,000
Percent of debt securities at amortized cost to total investments (in hundredths)	1.36%		1.36%
Debt Securities - Available-For-Sale [Abstract]
Debt Securities - Available-For-Sale, Amortized Cost	58,136,000		61,376,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	1,466,000		1,022,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	53,000		75,000
Debt Securities - Available-For-Sale, Estimated Fair Value	59,549,000		62,323,000
Debt Securities - Held-To-Maturity [Abstract]
Debt Securities - Held-To-Maturity, Amortized Cost	4,564,000		4,490,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	54,000		41,000
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	131,000		225,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	4,487,000		4,306,000
Continuous unrealized loss position [Abstract]
Debt/Equity securities, Unrealized (Losses)	54,000		75,000
Debt/Equity securities, Less than 12 months	49,000		22,000
Debt/Equity securities, 12 months or longer	5,000		53,000
Obligations of States and Political Subdivisions [Member]
Debt securities, at market [Abstract]
Debt securities, at market	92,172,000		91,614,000
Percent of debt securities at market to total investments (in hundredths)	27.40%		27.70%
Debt Securities - Available-For-Sale [Abstract]
Debt Securities - Available-For-Sale, Amortized Cost	91,125,000		90,728,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	1,102,000		956,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	55,000		70,000
Debt Securities - Available-For-Sale, Estimated Fair Value	92,172,000		91,614,000
Continuous unrealized loss position [Abstract]
Debt/Equity securities, Unrealized (Losses)	55,000		70,000
Debt/Equity securities, Less than 12 months	55,000		66,000
Debt/Equity securities, 12 months or longer	0		4,000
Corporate [Member]
Debt securities at amortized cost [Line Items]
Debt Securities - Held-To-Maturity, Amortized Cost	2,701,000		2,681,000
Debt securities, at market [Abstract]
Debt securities, at market	125,021,000		119,024,000
Percent of debt securities at market to total investments (in hundredths)	37.18%		35.99%
Debt securities, at amortized cost [Abstract]
Debt securities, at amortized cost	2,701,000		2,681,000
Percent of debt securities at amortized cost to total investments (in hundredths)	0.80%		0.81%
Debt Securities - Available-For-Sale [Abstract]
Debt Securities - Available-For-Sale, Amortized Cost	122,736,000		117,778,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	2,396,000		1,578,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	111,000		332,000
Debt Securities - Available-For-Sale, Estimated Fair Value	125,021,000		119,024,000
Debt Securities - Held-To-Maturity [Abstract]
Debt Securities - Held-To-Maturity, Amortized Cost	2,701,000		2,681,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	52,000		31,000
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	1,000		5,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	2,752,000		2,707,000
Continuous unrealized loss position [Abstract]
Debt/Equity securities, Unrealized (Losses)	111,000		332,000
Debt/Equity securities, Less than 12 months	68,000		260,000
Debt/Equity securities, 12 months or longer	43,000		72,000
Debt Securities [Member]
Realized gains (losses) [Abstract]
Total realized gains	515,000	135,000
Fair Value at Sale of securities with realized gains	34,860,000	9,668,000
Total realized losses	-103,000	-70,000
Fair Value at Sale of securities with realized losses	15,072,000	3,699,000
Continuous unrealized loss position [Abstract]
Debt/Equity securities, Unrealized (Losses)	225,000		531,000
Debt/Equity securities, Less than 12 months	177,000		402,000
Debt/Equity securities, 12 months or longer	48,000		129,000
Investment income [Abstract]
Net realized gains	412,000	65,000
Net realized and unrealized investment gains [Abstract]
Net realized gains	412,000	65,000
Net unrealized gains	4,856,000		3,078,000
Equity Securities [Member]
Realized gains (losses) [Abstract]
Total realized gains	1,395,000	1,610,000
Fair Value at Sale of securities with realized gains	3,084,000	4,815,000
Total realized losses	-103,000	-344,000
Fair Value at Sale of securities with realized losses	459,000	1,338,000
Investment income [Abstract]
Net realized gains	1,292,000	1,266,000
Net realized and unrealized investment gains [Abstract]
Net realized gains	1,292,000	1,266,000
Net unrealized gains	9,526,000		9,339,000
International [Member]
Debt securities at amortized cost [Line Items]
Debt Securities - Held-To-Maturity, Amortized Cost	197,000		246,000
Debt securities, at market [Abstract]
Debt securities, at market	11,451,000		11,138,000
Percent of debt securities at market to total investments (in hundredths)	3.40%		3.37%
Debt securities, at amortized cost [Abstract]
Debt securities, at amortized cost	197,000		246,000
Percent of debt securities at amortized cost to total investments (in hundredths)	0.06%		0.07%
Debt Securities - Available-For-Sale [Abstract]
Debt Securities - Available-For-Sale, Amortized Cost	11,340,000		11,139,000
Debt Securities - Available-For-Sale, Gross Unrealized Gains	118,000		53,000
Debt Securities - Available-For-Sale, Gross Unrealized Losses	7,000		54,000
Debt Securities - Available-For-Sale, Estimated Fair Value	11,451,000		11,138,000
Debt Securities - Held-To-Maturity [Abstract]
Debt Securities - Held-To-Maturity, Amortized Cost	197,000		246,000
Debt Securities - Held-To-Maturity, Gross Unrealized Gains	3,000		1,000
Debt Securities - Held-To-Maturity, Gross Unrealized Losses	0		1,000
Debt Securities - Held-To-Maturity, Estimated Fair Value	200,000		246,000
Continuous unrealized loss position [Abstract]
Debt/Equity securities, Unrealized (Losses)	5,000		54,000
Debt/Equity securities, Less than 12 months	5,000		54,000
Debt/Equity securities, 12 months or longer	0		0
Common Stock [Member]
Continuous unrealized loss position [Abstract]
Debt/Equity securities, Unrealized (Losses)	706,000		497,000
Debt/Equity securities, Less than 12 months	672,000		461,000
Debt/Equity securities, 12 months or longer	34,000		36,000
United States Treasury Notes [Member] \| Federated National [Member]
Estimated Fair Value [Abstract]
Due after one through five years, Estimated Fair Value	64,639		61,465
Due after five through ten years, Estimated Fair Value	2,055,445		2,208,588
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
Certificates of Deposit [Member] \| Federated National [Member]
Estimated Fair Value [Abstract]
Total Estimated Fair Value	$300,000

Fair_Value_Disclosure_Details

Fair Value Disclosure (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Debt securities [Abstract]
Debt securities	$288,193	$284,099
Equity securities [Abstract]
Equity securities	40,726	39,247
Recurring [Member]
Debt securities [Abstract]
United States government obligations and authorities	59,549	62,323
Obligations of states and political subdivisions	92,172	91,614
Corporate	125,021	119,024
International	11,451	11,138
Debt securities	288,193	284,099
Equity securities [Abstract]
Common stocks	40,726	39,247
Equity securities	40,726	39,247
Total debt and equity securities	328,919	323,346
Level 1 [Member] \| Recurring [Member]
Debt securities [Abstract]
United States government obligations and authorities	39,419	46,002
Obligations of states and political subdivisions	0	0
Corporate	0	0
International	0	0
Debt securities	39,419	46,002
Equity securities [Abstract]
Common stocks	40,726	39,247
Equity securities	40,726	39,247
Total debt and equity securities	80,145	85,249
Level 2 [Member] \| Recurring [Member]
Debt securities [Abstract]
United States government obligations and authorities	20,130	16,321
Obligations of states and political subdivisions	92,172	91,614
Corporate	125,021	119,024
International	11,451	11,138
Debt securities	248,774	238,097
Equity securities [Abstract]
Common stocks	0	0
Equity securities	0	0
Total debt and equity securities	248,774	238,097
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 $)	3 Months Ended
	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Jul. 01, 2014
	Structure	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Jul. 01, 2014
Reinsurance Agreements [Abstract]
Number of types of reinsurance structures	3
Liability for Catastrophe Claims [Line Items]
Prepaid reinsurance premiums	$46,039,000			$54,502,000
Percentage of quota share reinsurance treaty (in hundredths)	30.00%
Deferred quota profit share	8,800,000			10,500,000	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		400,000	8,300,000
Percentage increase in reinsurance premiums for total insured value (in hundredths)			13.30%
Trust agreement for loss exposure	4,900,000			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	1,010,000,000
Reinsurance premium	40,200,000
Prepaid reinsurance premiums	117,000,000
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	11,200,000
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 $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Unpaid losses and LAE [Abstract]
Unpaid losses and LAE, period start	$78,330	$61,016
Less reinsurance recoverables	-12,534	-2,742
Unpaid Losses and LAE, net, period start	65,796	58,274
Incurred related to Unpaid losses and LAE [Abstract]
Current year	28,180	79,932
Prior years	-4,231	1,104
Total incurred losses and LAE	23,949	81,036
Paid Related to Unpaid losses And LAE [Abstract]
Current year	6,908	42,391
Prior years	11,396	31,123
Total paid	18,304	73,514
Unpaid Losses and LAE, net, period end	71,441	65,796
Plus reinsurance recoverables	13,034	12,534
Unpaid losses and LAE, period end	$84,475	$78,330

Stock_Compensation_Plans_Detai

Stock Compensation Plans (Details) (USD $)	3 Months Ended		12 Months Ended		0 Months Ended
Stock Compensation Plans (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Mar. 10, 2015	Sep. 09, 2014	Mar. 04, 2014	Aug. 05, 2013	Mar. 04, 2013	Dec. 09, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable outstanding (in shares)	210,284		219,285
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
Options Exercisable at [Abstract]
March 31, 2015 (in shares)	210,284		219,285
Options Weighted Average Option Exercise Price at [Abstract]
Decrease in income from continuing operations due to change in accounting pronouncement	$752,000	$192,000
Decrease in net income due to change in accounting pronouncement	$469,000	$119,000
Net income (loss) per share after change in accounting pronouncement, basic (in dollars per share)	$0.71	$0.78
Net income (loss) per share after change in accounting pronouncement, diluted (in dollars per share)	$0.69	$0.75
Net income (loss) per share - basic (in dollars per share)	$0.68	$0.77
Net income per share - diluted (in dollars per share)	$0.66	$0.74
1998 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to grant options to purchase (in shares)	900,000	900,000
Share-based payment award, expiration date	30-Sep-08
Stock Option Plans, Number of Shares [Abstract]
Outstanding, beginning of period (in shares)	0	3,000	3,000	78,500
Granted (in shares)	0		0	0
Exercised (in shares)	0		-3,000	-500
Cancelled (in shares)	0		0	-75,000
Outstanding, end of period (in shares)	0		0	3,000
Stock Options, Weighted Average Option Exercise Price [Abstract]
Outstanding, beginning of period (in dollars per share)	$8.67	$8.67	$8.67	$12.73
Granted (in dollars per share)	$0		$0	$0
Exercised (in dollars per share)	$0		$8.67	$8.67
Cancelled (in dollars per share)	$0		$0	$12.92
Outstanding, end of period (in dollars per share)	$0		$8.67	$8.67
2002 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to grant options to purchase (in shares)	1,800,000		1,800,000
Share-based payment award, expiration date	30-Apr-12
Options exercisable outstanding (in shares)	153,584
Stock Option Plans, Number of Shares [Abstract]
Outstanding, beginning of period (in shares)	219,285	523,521	523,521	702,597
Granted (in shares)	0		0	0
Exercised (in shares)	-9,001		299,735	-165,577
Cancelled (in shares)	0		-4,501	-13,499
Outstanding, end of period (in shares)	210,284		219,285	523,521
Stock Options, Weighted Average Option Exercise Price [Abstract]
Outstanding, beginning of period (in dollars per share)	$3.79	$4.54	$4.54	$5.17
Granted (in dollars per share)	$0		$0	$0
Exercised (in dollars per share)	$2.98		$5.10	$7.15
Cancelled (in dollars per share)	$0		$3.49	$5.41
Outstanding, end of period (in dollars per share)	$3.98		$3.79	$4.54
Options Exercisable at [Abstract]
March 31, 2015 (in shares)	153,584
December 31, 2015 (in shares)	56,700
December 31, 2016 (in shares)	0
December 31, 2017 (in shares)	0
December 31, 2018 (in shares)	0
December 31, 2019 (in shares)	0
Thereafter (in shares)	0
Total options exercisable (in shares)	210,284
Options Weighted Average Option Exercise Price at [Abstract]
March 31, 2014 (in dollars per share)	$3.83
December 31, 2014 (in dollars per share)	$3.83
December 31, 2015 (in dollars per share)	$3.83
December 31, 2016 (in dollars per share)	$3.83
December 31, 2017 (in dollars per share)	$3.83
December 31, 2018 (in dollars per share)	$3.83
Thereafter (in dollars per share)	$3.83
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)	$4.40
Options Outstanding (in shares)	210,284
Weighted Average Contractual Periods in Years	6 years 4 months 28 days
Weighted Average Exercise Price (in dollars per share)	$3.83
Options Exercisable (in shares)	153,584
2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to grant options to purchase (in shares)	1,000,000
Share-based payment award, expiration date	5-Apr-22
Other Than Stock Option Plans, Number of Shares [Abstract]
Outstanding, beginning of period (in shares)	447,801	249,500	249,500	0
Granted (in shares)	66,140		268,648	250,000	66,140	130,000	88,648	150,000	100,000
Exercised (in shares)	-59,707		-68,988	0
Cancelled (in shares)	0		-1,359	-500
Outstanding, end of period (in shares)	454,234		447,801	249,500
Other Than Stock Options, Fair Market Value at Grant [Abstract]
Outstanding, beginning of period (in dollars per share)	$5.54	$5.54	$5.54	$0
Granted (in dollars per share)	$28.79		$5.54	$5.54
Exercised (in dollars per share)	$10.47		$0	$0
Cancelled (in dollars per share)	$0		$5.54	$5.54
Outstanding, end of period (in dollars per share)	$19.41		$5.54	$5.54
2012 Stock Incentive Plan [Member] \| Chief Executive Officer and President [Member]
Other Than Stock Option Plans, Number of Shares [Abstract]
Granted (in shares)					32,997	45,000	43,997	100,000	25,000	50,000
2012 Stock Incentive Plan [Member] \| Chief Financial Officer [Member]
Other Than Stock Option Plans, Number of Shares [Abstract]
Granted (in shares)					9,551	15,000	16,341	50,000	15,000
2012 Stock Incentive Plan [Member] \| Director [Member]
Other Than Stock Option Plans, Number of Shares [Abstract]
Granted (in shares)					6,252	50,000	15,710		20,000
2012 Stock Incentive Plan [Member] \| Other Employees [Member]
Other Than Stock Option Plans, Number of Shares [Abstract]
Granted (in shares)					17,340	20,000	12,600		40,000

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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)	13,701,122	13,632,414

Subsequent_Events_Details

Subsequent Events (Details) (Monarch Delaware Holdings LLC [Member], USD $)	3 Months Ended
	Mar. 31, 2015
	Manager
Subsequent Event [Line Items]
Ownership interest in Monarch Parent's equity (in hundredths)	42.40%
Capital contribution for voting interests	$14,000,000
Number of board of managers	7
Number of board of managers designated by entity	3
Number of board of managers jointly selected by entity and co-venturer	1
Period prior to date of termination the entity will be entitled to receive termination fees	12 months
Period within which to identify seventh member of Board of Managers	6 months
Period from the closing date during which the Company and Crosswinds are allowed to participate in certain other transactions	24 months
C.A. Bancorp Inc. [Member]
Subsequent Event [Line Items]
Ownership interest in Monarch Parent's equity (in hundredths)	42.40%
Capital contribution for voting interests	14,000,000
Percentage of assets under management payable as management fee for range one (in hundredths)	0.75%
Maximum threshold limit of assets for range one	100,000,000
Percentage of assets under management payable as management fee for range two (in hundredths)	0.50%
Minimum threshold limit of assets for range two	100,000,000
Maximum threshold limit of assets for range two	200,000,000
Percentage of assets under management payable as management fee for range three (in hundredths)	0.30%
Minimum threshold limit of assets for range three	200,000,000
Number of board of managers designated by entity	3
Transatlantic Reinsurance Company [Member]
Subsequent Event [Line Items]
Ownership interest in Monarch Parent's equity (in hundredths)	15.20%
Capital contribution for voting interests	5,000,000
Maximum percentage of reinsurance coverage obtained in any individual reinsurance contract (in hundredths)	15.00%
Transatlantic Reinsurance Company [Member] \| Senior Debt [Member]
Subsequent Event [Line Items]
Long-term debt	5,000,000
Interest rate percentage (in hundredths)	6.00%
Maturity period of debt	6 years
Federated National Underwriters, Inc. [Member]
Subsequent Event [Line Items]
Percentage of written annual premium payable to agents for managing general agent services (in hundredths)	4.00%
Percentage of earned annual premium payable for claims administration services (in hundredths)	3.60%
Administrative fee per-policy underwritten	$25