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Reinsurance (Tables)
 6 Months Ended
Jun. 30, 2016
Reinsurance Disclosures [Abstract]  
Schedule of Ceded Premiums Earned by Type
The table below summarizes the amounts of our ceded premiums written under the various types of agreements, as well as the amortization of prepaid reinsurance premiums:

 
Three Months Ended June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
Excess-of-loss
$
(177,970
)
 
$
(162,993
)
 
$
(182,027
)
 
$
(165,119
)
Equipment & identity theft
(2,201
)
 
(1,604
)
 
(3,777
)
 
(2,798
)
Novation of Auto Policies (1)
(2,396
)
 
—

 
(2,396
)
 
—

Flood
(4,920
)
 
(4,109
)
 
(7,963
)
 
(6,956
)
Ceded premiums written
$
(187,487
)
 
$
(168,706
)
 
$
(196,163
)
 
$
(174,873
)
Decrease in ceded unearned premiums
137,081

 
128,176

 
100,625

 
97,209

Ceded premiums earned
$
(50,406
)
 
$
(40,530
)
 
$
(95,538
)
 
$
(77,664
)
Schedule of Catastrophe Losses by Event Magnitude
Current year catastrophe losses by the event magnitude are shown in the following table for the three and six months ended June 30, 2016 and 2015.

 
 
2016
 
2015
 
 
Number of Events
 
Incurred Loss and LAE (1) 
 
Combined Ratio Impact
 
Number of Events
 
Incurred Loss and LAE (1) 
 
Combined Ratio Impact
Three Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
$ 1 million to $5 million (2)
 
4

 
$
5,688

 
5.0
 %
 
7

 
$
4,696

 
5.8
%
Less than $1 million (3) (5)
 
12

 
(1,968
)
 
(1.7
)%
 
5

 
1,821

 
2.3
%
Total
 
16

 
$
3,720

 
3.3
 %
 
12

 
$
6,517

 
8.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
$ 1 million to $5 million (2)
 
9

 
14,789

 
6.9
 %
 
7

 
19,956

 
12.6
%
Less than $1 million (3) (4)
 
7

 
3,987

 
1.8
 %
 
5

 
1,821

 
1.1
%
Total
 
16

 
$
18,776

 
8.7
 %
 
12

 
$
21,777

 
13.7
%

(1)
Incurred loss and LAE is equal to losses and LAE paid plus the change in case and incurred but not reported reserves. Shown net of losses ceded to reinsurers.
(2)
Both three months ended and six months ended June 30, 2016 reflect losses from Tropical Storm Colin, Texas flooding and Texas spring storms which occurred during the second quarter of 2016. In addition, the six months ended June 30, 2016 reflect development from Texas hail storms, Winter Storm Olympia, and Florida tornadoes which occurred during the first three months of 2016. Reflects losses from winter storms and hail storms in 2015.
(3)
Reflects losses from hail storms, Texas flooding and Tropical Storm Bill in 2015.
(4) Reflects losses from Florida tornadoes, Texas hail and a Florida windstorm in 2016 net of losses ceded to reinsurers for losses from Texas hail storms, and Florida tornadoes which occurred during the first three months of 2016.
(5) Reflects losses from Florida tornadoes, Texas hail and a Florida windstorm in 2016.