Reserves for Unpaid Losses and Loss Adjustment Expenses (Tables)

9 Months Ended

Sep. 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): 

		September 30,		September 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		185,506		184,685
Prior years		6,062		20,240
Total incurred		191,568		204,925
Paid related to:
Current year		56,687		61,288
Prior years		184,337		128,329
Total paid		241,024		189,617
Net balance at September 30		323,032		373,638
Plus reinsurance recoverable		207,784		157,861
Balance at September 30	$	530,816	$	531,499

Impact of Net Prior Years Loss Development by Segment

		Nine Months Ended September 30,
		2018		2017
Specialty Commercial Segment	$	15,730	$	17,824
Standard Commercial Segment		(8,829)		1,594
Personal Segment		(839)		822
Corporate		-		-
Total unfavorable (favorable) net prior years' development	$	6,062	$	20,240