Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

3 Months Ended

Mar. 31, 2018

Reserves for Unpaid Losses and Loss Adjustment Expenses [Abstract]

Summary of Activity in Reserves for Unpaid Losses and LAE

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

		March 31,		March 31,
		2018		2017
Balance at January 1	$	527,100	$	481,567
Less reinsurance recoverable		154,612		123,237
Net balance at January 1		372,488		358,330
Incurred related to:
Current year		64,205		62,331
Prior years		(530)		(489)
Total incurred		63,675		61,842
Paid related to:
Current year		13,829		12,583
Prior years		72,432		47,533
Total paid		86,261		60,116
Net balance at March 31		349,902		360,056
Plus reinsurance recoverable		179,782		126,915
Balance at March 31	$	529,684	$	486,971

Impact of Net Prior Years Loss Development by Segment

The impact from the (favorable) unfavorable net prior years’ loss development on each reporting segment is presented below:

		Three Months Ended March 31,
		2018		2017
Specialty Commercial Segment	$	1,012	$	300
Standard Commercial Segment		(1,053)		(1,458)
Personal Segment		(489)		669
Corporate		-		-
Total (favorable) unfavorable net prior year development	$	(530)	$	(489)