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Losses And Loss Adjustment Expense Reserves | 9 Months Ended
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Sep. 30, 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:
| Nine Months Ended September 30,
| 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 | 1,772,203 |  |  | 1,696,350 |
Prior years | 18,347 |  |  | 69,134 |
Total incurred losses and loss adjustment expenses | 1,790,550 |  |  | 1,765,484 |
Loss and loss adjustment expense payments related to: |  |  |
Current year | 1,099,656 |  |  | 1,065,948 |
Prior years | 606,615 |  |  | 601,379 |
Total payments | 1,706,271 |  |  | 1,667,327 |
Net reserves at September 30 | 1,361,366 |  |  | 1,230,592 |
Reinsurance recoverable | 10,798 |  |  | 13,961 |
Gross reserves at September 30 | $ | 1,372,164 |  |  | $ | 1,244,553 |
The increase in the provision for insured events of prior years in 2017 of approximately $18.3 million was primarily attributable to higher than estimated California automobile and property losses. The increase in the provision for insured events of prior years in 2016 of approximately $69.1 million primarily resulted from the re-estimation of losses for California and Florida automobile liability coverages. For the nine months ended September 30, 2017 and 2016, the Company recorded catastrophe losses of approximately $59 million and $23 million, respectively. The 2017 catastrophe losses were primarily due to severe rainstorms in California, the impact of Hurricane Harvey in Texas and Hurricane Irma in Florida and Georgia, and storms and tornadoes in Oklahoma and Texas. The Winter of 2017 was extremely wet in California, setting new precipitation records in parts of the state. The 2016 catastrophe losses were primarily attributable to severe storms in Texas and Northern California and claims from the Sand Fire in Southern 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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