Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 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): 

		June 30,		June 30,
		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		122,870		122,862
Prior years		4,453		9,684
Total incurred		127,323		132,546
Paid related to:
Current year		28,321		33,687
Prior years		140,339		90,042
Total paid		168,660		123,729
Net balance at June 30		331,151		367,147
Plus reinsurance recoverable		189,401		138,211
Balance at June 30	$	520,552	$	505,358

Impact of Net Prior Years Loss Development by Segment

		Six Months Ended June 30,
		2018		2017
Specialty Commercial Segment	$	6,861	$	8,332
Standard Commercial Segment		(1,560)		264
Personal Segment		(848)		1,088
Corporate		-		-
Total unfavorable (favorable) net prior years' development	$	4,453	$	9,684