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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2014
Property and Casualty Insurance [Member]  
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]  
Ceded and Assumed Reinsurance
Premiums and losses and loss settlement expenses related to our ceded and assumed business are as follows:
 
 
 
 
 
 
Years Ended December 31,
2014
 
2013
 
2012
Ceded Business
 
 
 
 
 
Ceded premiums written
$
50,290

 
$
50,711

 
$
44,240

Ceded premiums earned
49,818

 
50,514

 
47,467

Loss and loss settlement expenses ceded(1)
9,728

 
(8,552
)
 
5,525

 
 
 
 
 
 
Assumed Business
 
 
 
 
 
Assumed premiums written
$
16,421

 
$
18,938

 
$
17,181

Assumed premiums earned
16,265

 
18,485

 
16,889

Loss and loss settlement expenses assumed
7,727

 
8,268

 
16,873

(1) In 2013, a reduction in our direct IBNR reserves caused a corresponding reduction in ceded IBNR reserves.  This factor, coupled with a lack of significant large losses exceeding our reinsurance retentions resulted in negative loss and loss settlement expenses ceded for the year.  

Reinsurance Programs and Retentions
The following table provides a summary of our primary reinsurance programs. Retention amounts reflect the accumulated retentions and co-participation of all layers within a program. In 2013, we added a $3,000 aggregate annual deductible to our core program multi-line (casualty excess and property excess) which was increased to $4,000 in 2014.
 
2014 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,000

 
$
40,000

 
100
%
of
$
38,000

Property excess of loss
2,000

 
15,000

 
100
%
of
$
13,000

Surety excess of loss
1,500

 
28,000

 
91
%
of
$
26,500

Property catastrophe, excess
20,000

 
200,000

 
100
%
of
$
180,000

Property catastrophe, excess
200,000

 
250,000

 
90.5
%
of
$
50,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000


 
2013 and 2012 Reinsurance Programs
Type of Reinsurance
Stated Retention
 
Limits
 
Coverage
Casualty excess of loss
$
2,000

 
$
40,000

 
100
%
of
$
38,000

Property excess of loss
2,000

 
15,000

 
100
%
of
$
13,000

Surety excess of loss
1,500

 
28,000

 
91
%
of
$
26,500

Property catastrophe, excess
20,000

 
200,000

 
95
%
of
$
180,000

Boiler and machinery
N/A

 
50,000

 
100
%
of
$
50,000
Life Insurance [Member]  
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]  
Ceded and Assumed Reinsurance
Premiums and losses and loss settlement expenses related to our ceded business are as follows:
 
 
 
 
 
 
Years Ended December 31,
2014
 
2013
 
2012
Ceded Business
 
 
 
 
 
Ceded insurance in-force
$
1,130,059

 
$
1,112,688

 
$
1,083,410

Ceded premiums earned
2,959

 
2,792

 
2,621

Loss and loss settlement expenses ceded
3,467

 
1,971

 
2,435