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Loss and Loss Adjustment Expenses (Tables)
12 Months Ended
Dec. 31, 2012
Loss and Loss Adjustment Expenses [Abstract]  
Reconciliation of beginning and ending reserve balances, net of related amounts recoverable from reinsurers
                         
    Year Ended December 31,  
  2012     2011     2010  
    (In thousands)  

Reserves for loss and loss adjustment expenses (“LAE”)

  $ 538,214     $ 532,204     $ 534,655  

Less amounts recoverable from reinsurers on unpaid loss and LAE

    60,937       65,536       60,435  
   

 

 

   

 

 

   

 

 

 

Reserves for loss and LAE, net of related amounts recoverable from reinsurers, at beginning of year

    477,277       466,668       474,220  

Add:

                       

Provision for loss and LAE for claims occurring in the current year, net of reinsurance

    222,393       196,269       179,022  

Change in estimated loss and LAE for claims occurring in prior years, net of reinsurance

    (2,490     (6,563     (21,634
   

 

 

   

 

 

   

 

 

 

Incurred losses during the current year, net of reinsurance

    219,903       189,706       157,388  

Less loss and LAE payments for claims, net of reinsurance, occurring during:

                       

Current year

    50,423       53,213       47,385  

Prior years

    131,497       125,884       117,555  
   

 

 

   

 

 

   

 

 

 
      181,920       179,097       164,940  
   

 

 

   

 

 

   

 

 

 

Reserves for loss and LAE, net of related amounts recoverable from reinsurers, at end of year

    515,260       477,277       466,668  

Add amounts recoverable from reinsurers on unpaid loss and LAE

    55,190       60,937       65,536  
   

 

 

   

 

 

   

 

 

 

Reserves for loss and LAE

  $ 570,450     $ 538,214     $ 532,204  
   

 

 

   

 

 

   

 

 

 
Summary exposures to various asbestos related claims
                         
    Year Ended December 31,  
  2012     2011     2010  
    (In thousands)  

Reserves for loss and LAE at beginning of year

  $
 

  
  
  
  $
 
 —
  
  
  
  $
 
 —
  
  
  

Incurred losses and LAE during the current year

    168       —          —     

Less loss and LAE payments for claims occurring during the current year

    1       —          —     
   

 

 

   

 

 

   

 

 

 

Reserves for loss and LAE at end of year

  $ 167     $
 

  
  
  
  $
 
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