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Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2016
Insurance [Abstract]  
Schedule of the Effect of Reinsurance on Premiums Written and Earned

The effect of reinsurance on premiums written and earned in 2016, 2015 and 2014 was as follows:

 

  

 

2016 Premiums

 

 

2015 Premiums

 

 

2014 Premiums

 

 

 

Written

 

 

Earned

 

 

Written

 

 

Earned

 

 

Written

 

 

Earned

 

 

 

(in thousands)

 

Gross

 

$

373,055

 

 

$

379,011

 

 

$

386,529

 

 

$

387,122

 

 

$

393,819

 

 

$

389,540

 

Ceded

 

 

(10,307

)

 

 

(10,307

)

 

 

(11,228

)

 

 

(11,228

)

 

 

(13,793

)

 

 

(13,793

)

Net premiums

 

$

362,748

 

 

$

368,704

 

 

$

375,301

 

 

$

375,894

 

 

$

380,026

 

 

$

375,747

 

 
Schedule of the Amounts Recoverable from Reinsurers

The amounts recoverable from reinsurers consist of the following:

 

  

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Unpaid losses recoverable:

 

 

 

 

 

 

 

 

Case basis

 

$

49,361

 

 

$

37,207

 

Incurred but not reported

 

 

28,895

 

 

 

27,651

 

Paid losses recoverable

 

 

485

 

 

 

414

 

Experience-rated commissions recoverable

 

 

4,925

 

 

 

25,805

 

Total

 

$

83,666

 

 

$

91,077

 

 
Schedule of Unsecured Reinsurance Recoverables from Reinsurers

The A.M. Best Company rating for the reinsurer is shown parenthetically.

 

Hannover Reinsurance Limited (Ireland) (A+)

 

$

29,670

 

Odyssey America Reinsurance Corporation (A)

 

 

12,600

 

Minnesota Workers’ Compensation Reinsurance Association (NR)

 

 

9,623

 

Other reinsurers

 

 

31,773

 

Total amounts recoverable from reinsurers

 

 

83,666

 

Funds withheld and letters of credit related to the above recoverables

 

 

(38,453

)

Total unsecured amounts recoverable from reinsurers

 

$

45,213