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Reinsurance (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Excess-of-loss
$
(476
)
 
$
1,898

 
$
(182,503
)
 
$
(163,221
)
Equipment & identity theft
(2,359
)
 
(1,723
)
 
(6,136
)
 
(4,521
)
Novation of Auto Policies (1)
—

 
—

 
(2,396
)
 
—

Flood
(5,006
)
 
(4,505
)
 
(12,969
)
 
(11,461
)
Ceded premiums written
$
(7,841
)
 
$
(4,330
)
 
$
(204,004
)
 
$
(179,203
)
Increase (decrease) in ceded unearned premiums
(45,458
)
 
(40,400
)
 
55,167

 
56,809

Ceded premiums earned
$
(53,299
)
 
$
(44,730
)
 
$
(148,837
)
 
$
(122,394
)
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 nine months ended September 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 September 30,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
$ 1 million to $5 million (2)
 
1

 
$
2,483

 
2.1
%
 
1

 
$
2,420

 
2.8
%
Less than $1 million (3)(4)
 
17

 
2,626

 
2.1
%
 
12

 
1,388

 
1.7
%
Total
 
18

 
$
5,109

 
4.2
%
 
13

 
$
3,808

 
4.5
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
$ 5 million to $10 million (7)
 
—

 
$
—

 
—
%
 
2

 
$
11,342

 
4.7
%
$ 1 million to $5 million (5)
 
9

 
16,500

 
4.9
%
 
6

 
12,275

 
5.1
%
Less than $1 million (6) (4)
 
9

 
7,385

 
2.2
%
 
5

 
1,968

 
0.8
%
Total
 
18

 
$
23,885

 
7.1
%
 
13

 
$
25,585

 
10.6
%

(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. During the third quarter of 2016, we incurred losses and LAE from three new storms, while the remainder is from the development of fifteen storms occurring during the first six months of 2016.
(2)
Reflects losses from Hurricane Hermine during the third quarter of 2016 and losses from a wind storm in 2015.
(3)
Reflects losses from Tropical Storms Colin and Julia during 2016 which were fully retained, as well as development from Texas flooding, spring and hail storms, Winter Storm Olympia, and Florida tornadoes which occurred during the first three months of 2016, all net of losses ceded to reinsurers.
(4) Reflects losses from winter storms, hail storms, Texas flooding, Hurricane Anna and Tropical Storm Bill in 2015.
(5) Reflects losses from Hurricane Hermine and Tropical Storm Colin during 2016 which were fully retained, as well as development from Texas flooding, spring and hail storms, Winter Storm Olympia, and Florida tornadoes, all net of losses ceded to reinsurers. Reflects losses from winter storms, hail storms and wind storms in 2015.
(6)