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Loss Reserves (Tables) | 6 Months Ended
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Jun. 30, 2018
Insurance [Abstract] |
Liability for Unpaid Loss and Loss Adjustment Expenses, Net of Related Amounts Recoverable from Reinsurers | The following table provides the Company’s liability for unpaid loss and loss adjustment expenses, net of related amounts recoverable from reinsurers, for the six months ended June 30, 2018 and 2017:
|  | Six Months Ended June 30, |
|  | 2018 |  |  | 2017 |
|  | (in thousands) |
Balance, beginning of period |  | $ | 771,845 |  |  | $ | 742,776 |
Less amounts recoverable from reinsurers on unpaid loss and loss adjustment expenses |  |  | 84,889 |  |  |  | 78,256 |
Net balance, beginning of period |  |  | 686,956 |  |  |  | 664,520 |
Add incurred related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 126,060 |  |  |  | 119,828 |
Prior accident years |  |  | (20,822 | ) |  |  | (17,184 | )
Total incurred |  |  | 105,238 |  |  |  | 102,644 |
Less paid related to: |  |  |  |  |  |  |  |
Current accident year |  |  | 18,386 |  |  |  | 15,298 |
Prior accident years |  |  | 84,194 |  |  |  | 80,571 |
Total paid |  |  | 102,580 |  |  |  | 95,869 |
Net balance, end of period |  |  | 689,614 |  |  |  | 671,295 |
Add amounts recoverable from reinsurers on unpaid loss and loss adjustment expenses |  |  | 93,987 |  |  |  | 78,464 |
Balance, end of period |  | $ | 783,601 |  |  | $ | 749,759 |

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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=99382578&loc=d3e14764-158437 + Details
Name: | us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
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