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Losses And Loss Adjustment Expense Reserves | 3 Months Ended
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Mar. 31, 2017
Insurance Loss Reserves [Abstract] |
Losses And Loss Adjustment Expense Reserves | Loss and Loss Adjustment Expense Reserves The following table presents the activity in loss and loss adjustment expense reserves:
| Three Months Ended March 31,
| 2017 |  | 2016
| (Amounts in thousands)
Gross reserves at January 1 | $ | 1,290,248 |  |  | $ | 1,146,688 |
Less reinsurance recoverable | (13,161 | ) |  | (14,253 | )
Net reserves at January 1 | 1,277,087 |  |  | 1,132,435 |
Incurred losses and loss adjustment expenses related to: |  |  |
Current year | 602,541 |  |  | 554,280 |
Prior years | 4,124 |  |  | 39,802 |
Total incurred losses and loss adjustment expenses | 606,665 |  |  | 594,082 |
Loss and loss adjustment expense payments related to: |  |  |
Current year | 275,890 |  |  | 261,753 |
Prior years | 303,333 |  |  | 303,842 |
Total payments | 579,223 |  |  | 565,595 |
Net reserves at March 31 | 1,304,529 |  |  | 1,160,922 |
Reinsurance recoverable | 12,404 |  |  | 14,046 |
Gross reserves at March 31 | $ | 1,316,933 |  |  | $ | 1,174,968 |
The increase in the provision for insured events of prior years in 2017 of approximately $4.1 million was primarily attributable to higher than estimated California property losses. The increase in the provision for insured events of prior years in 2016 of approximately $39.8 million primarily resulted from the re-estimation of losses for California and Florida automobile liability coverages, mostly related to 2014 and prior accident years. For the three months ended March 31, 2017 and 2016, the Company recorded catastrophe losses of approximately $30 million and $8 million, respectively. The 2017 catastrophe losses were primarily due to severe rainstorms in California, while the 2016 catastrophe losses were mainly attributable to winter storms in Texas and northern California.

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- Definition The entire disclosure for liabilities related to future policy benefits and unpaid claims and claim adjustments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6482852&loc=d3e14931-158439 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65670824&loc=d3e14754-158437 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.13(a)(1),(b)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65670824&loc=d3e14764-158437 + Details
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