<ARTICLE> 7
<RESTATED> 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<DEBT-HELD-FOR-SALE>                           204,732
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                         849
<MORTGAGE>                                           0
<REAL-ESTATE>                                        0
<TOTAL-INVEST>                                 213,194
<CASH>                                          25,610
<RECOVER-REINSURE>                                 852
<DEFERRED-ACQUISITION>                           5,834
<TOTAL-ASSETS>                                 411,228
<POLICY-LOSSES>                                222,625
<UNEARNED-PREMIUMS>                             14,988
<POLICY-OTHER>                                       0
<POLICY-HOLDER-FUNDS>                            1,370
<NOTES-PAYABLE>                                 42,366
<PREFERRED-MANDATORY>                           25,672
<PREFERRED>                                          0
<COMMON>                                        34,128
<OTHER-SE>                                      22,676
<TOTAL-LIABILITY-AND-EQUITY>                   411,228
<PREMIUMS>                                      99,148
<INVESTMENT-INCOME>                              9,244
<INVESTMENT-GAINS>                                  46
<OTHER-INCOME>                                       0
<BENEFITS>                                      66,311
<UNDERWRITING-AMORTIZATION>                     13,647
<UNDERWRITING-OTHER>                            14,115
<INCOME-PRETAX>                                (7,976)
<INCOME-TAX>                                   (2,517)
<INCOME-CONTINUING>                            (5,459)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  (796)
<CHANGES>                                            0
<NET-INCOME>                                   (7,642)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                   (1.52)
<RESERVE-OPEN>                                 195,131
<PROVISION-CURRENT>                             61,472
<PROVISION-PRIOR>                                4,839
<PAYMENTS-CURRENT>                              12,362
<PAYMENTS-PRIOR>                                80,490
<RESERVE-CLOSE>                                168,590    
<CUMULATIVE-DEFICIENCY>                          4,839
<FN>
1. RESERVES FOR UNPAID CLAIMS, PROVISION FOR INSURED EVENTS, AND PAYMENTS OF
CLAIMS ARE STATED NET OF REINSURANCE 2. OPENING RESERVES INCLUDE AMOUNTS FROM
PAC RIM AT ACQUISITION
</FN>