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Loss And Loss Adjustment Expense Reserves | 6 Months Ended
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Jun. 30, 2018
Insurance Loss Reserves [Abstract] |
Loss And Loss Adjustment Expense Reserves | Loss and Loss Adjustment Expense Reserves The following table presents the activity in loss and loss adjustment expense reserves:
| Six Months Ended June 30,
| 2018 |  | 2017
| (Amounts in thousands)
Gross reserves at January 1 | $ | 1,510,613 |  |  | $ | 1,290,248 |
Less reinsurance recoverables on unpaid losses | (64,001 | ) |  | (13,161 | )
Net reserves at January 1 | 1,446,612 |  |  | 1,277,087 |
Incurred losses and loss adjustment expenses related to: |  |  |
Current year | 1,173,862 |  |  | 1,181,108 |
Prior years | 63,919 |  |  | 14,152 |
Total incurred losses and loss adjustment expenses | 1,237,781 |  |  | 1,195,260 |
Loss and loss adjustment expense payments related to: |  |  |
Current year | 640,496 |  |  | 685,137 |
Prior years | 540,803 |  |  | 471,973 |
Total payments | 1,181,299 |  |  | 1,157,110 |
Net reserves at June 30 | 1,503,094 |  |  | 1,315,237 |
Reinsurance recoverables on unpaid losses | 46,756 |  |  | 11,726 |
Gross reserves at June 30 | $ | 1,549,850 |  |  | $ | 1,326,963 |
The increase in the provision for insured events of prior years in 2018 of approximately $63.9 million was primarily attributable to higher than estimated California automobile losses resulting from severity in excess of expectations for bodily injury claims as well as higher than estimated defense and cost containment expenses in the California automobile line of insurance business. The increase in the provision for insured events of prior years in 2017 of approximately $14.2 million primarily attributable to higher than estimated California property losses. For the six months ended June 30, 2018 and 2017, the Company recorded catastrophe losses of approximately $11 million and $40 million, respectively. The 2018 catastrophe losses were primarily due to winter storms and mudslides in California, winter storms in the states along the Atlantic Seaboard, and storms in Texas. The 2017 catastrophe losses were primarily due to severe rainstorms in California, as well as storms and tornadoes in Oklahoma and Texas.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -URI http://asc.fasb.org/subtopic&trid=2560295 + Details
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