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Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)
3 Months Ended
Mar. 31, 2017
Reserves for Unpaid Losses and Loss Adjustment Expenses [Abstract]  
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

Activity in the consolidated reserves for unpaid losses and LAE is summarized as follows (in thousands): 





 

 

 

 

 

 

 



 

 

March 31,

 

March 31,



 

 

2017

 

2016



 

 

 

 

 

Balance at January 1

 

$

481,567 

 

$

450,878 

 

Less reinsurance recoverable

 

 

123,237 

 

 

102,791 

 

Net balance at January 1

 

 

358,330 

 

 

348,087 

 



 

 

 

 

 

 

 

Incurred related to:

 

 

 

 

 

 

 

Current year

 

 

62,331 

 

 

57,112 

 

Prior years

 

 

(489)

 

 

(1,717)

 

Total incurred

 

 

61,842 

 

 

55,395 

 



 

 

 

 

 

 

 

Paid related to:

 

 

 

 

 

 

 

Current year

 

 

12,583 

 

 

11,819 

 

Prior years

 

 

47,533 

 

 

48,128 

 

Total paid

 

 

60,116 

 

 

59,947 

 



 

 

 

 

 

 

 

Net balance at March 31

 

 

360,056 

 

 

343,535 

 

Plus reinsurance recoverable

 

 

126,915 

 

 

105,594 

 

Balance at March 31

 

$

486,971 

 

$

449,129