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Losses and Loss Adjustment Expenses (Tables) | 9 Months Ended
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Sep. 30, 2020
Insurance [Abstract] |
Liability for Unpaid Losses and Loss Adjustment Expenses | Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Net balance, beginning of period* |  | $ | 123,129 |  |  | $ | 95,345 |  |  | $ | 98,174 |  |  | $ | 94,826 |
Incurred, net of reinsurance, related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period |  |  | 50,543 |  |  |  | 25,177 |  |  |  | 116,839 |  |  |  | 70,914 |
Prior period |  |  | 1,200 |  |  |  | 2,150 |  |  |  | 2,825 |  |  |  | 7,702 |
Total incurred, net of reinsurance |  |  | 51,743 |  |  |  | 27,327 |  |  |  | 119,664 |  |  |  | 78,616 |
Paid, net of reinsurance, related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current period |  |  | (21,175 | ) |  |  | (15,111 | ) |  |  | (36,988 | ) |  |  | (32,819 | )
Prior period |  |  | (9,386 | ) |  |  | (12,763 | ) |  |  | (36,539 | ) |  |  | (45,825 | )
Total paid, net of reinsurance |  |  | (30,561 | ) |  |  | (27,874 | ) |  |  | (73,527 | ) |  |  | (78,644 | )
Net balance, end of period |  |  | 144,311 |  |  |  | 94,798 |  |  |  | 144,311 |  |  |  | 94,798 |
Add: reinsurance recoverable before allowance for credit losses |  |  | 75,034 |  |  |  | 143,123 |  |  |  | 75,034 |  |  |  | 143,123 |
Gross balance, end of period |  | $ | 219,345 |  |  | $ | 237,921 |  |  | $ | 219,345 |  |  | $ | 237,921 |
*Net balance represents beginning-of-period liability for unpaid losses and loss adjustment expenses less beginning-of-period reinsurance recoverable for unpaid losses and loss adjustment expenses.

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- References No definition available. + Details
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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=116884095&loc=d3e14764-158437 + Details
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