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Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2017
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 March 31,
 
2017
 
2016
Excess-of-loss
$
(29,599
)
 
$
(4,057
)
Equipment & identity theft
(2,073
)
 
(1,576
)
Flood
(3,391
)
 
(3,043
)
Ceded premiums written
$
(35,063
)
 
$
(8,676
)
Increase (decrease) in ceded unearned premiums
(39,819
)
 
(36,456
)
Ceded premiums earned
$
(74,882
)
 
$
(45,132
)
Schedule of Catastrophe Losses by Event Magnitude
Current year catastrophe losses by the event magnitude are shown in the following table for the three months ended March 31, 2017 and 2016.

 
 
2017
 
2016
 
 
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 March 31,
 
 
 
 
 
 
 
 
 
 
 
 
Current period catastrophe losses incurred
 
 
 
 
 
 
 
 
 
 
 
 
$ 1 million to $5 million (2)
 
4

 
$
9,873

 
9.2
%
 
4

 
$
11,341

 
11.2
%
Less than $1 million (3)
 
1

 
739

 
0.7
%
 
6

 
3,715

 
3.7
%
Total
 
5

 
$
10,612

 
9.9
%
 
10

 
$
15,056

 
14.9
%

(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)
Reflects losses from tornadoes, hail and wind storms in 2017 and from Florida tornadoes and winter storms in 2016.
(3)
Reflects losses from hail and wind storms in 2017 and 2016.