Liability for Losses and Loss Adjustment Expenses (Tables)

6 Months Ended

Jun. 30, 2019

Liability for Losses and Loss Adjustment Expenses [Abstract]

Activity in Liability for Losses and LAE

Activity in the liability for losses and LAE is summarized as follows:

(In thousands)	Six Months Ended June 30, 2019		Period from January 2, 2018 to June 30, 2018
Reserve for losses and LAE at beginning of period	$	27,330	$	29,801
Provision for claims, net of insurance:
Incurred related to:
Prior year		3,524		-
Current year		10,302		11,217
Total incurred		13,826		11,217
Deduct payment of claims, net of reinsurance:
Paid related to:
Prior year		8,995		9,220
Current year		3,250		6,277
Total paid		12,245		15,497
Reserve for losses and LAE at end of period	$	28,911	$	25,521

The components of the net liability for losses and LAE are as follows as of:

(In thousands)	June 30, 2019		December 31, 2018
Case basis reserves	$	15,423	$	15,863
Incurred but not reported reserves		13,488		11,467
Total	$	28,911	$	27,330