Loss and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2013

Insurance [Abstract]

Reconciliation of Beginning and Ending Reserve Balances, Net of Related Amounts Recoverable from Reinsurers

The following table provides a reconciliation of the beginning and ending reserve balances, net of related amounts recoverable from reinsurers, for 2013, 2012 and 2011:

	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Reserves for loss and loss adjustment expenses (“LAE”)	$	570,450	$	538,214	$	532,204
Less amounts recoverable from reinsurers on unpaid loss and LAE		55,190		60,937		65,536
Reserves for loss and LAE, net of related amounts recoverable from reinsurers, at beginning of year		515,260		477,277		466,668
Add:
Provision for loss and LAE for claims occurring in the current year, net of reinsurance		241,584		222,393		196,269
Change in estimated loss and LAE for claims occurring in prior years, net of reinsurance		(12,611)		(2,490)		(6,563)
Incurred losses during the current year, net of reinsurance		228,973		219,903		189,706
Less loss and LAE payments for claims, net of reinsurance, occurring during:
Current year		44,474		50,423		53,213
Prior years		133,901		131,497		125,884
		178,375		181,920		179,097
Reserves for loss and LAE, net of related amounts recoverable from reinsurers, at end of year		565,858		515,260		477,277
Add amounts recoverable from reinsurers on unpaid loss and LAE		48,699		55,190		60,937
Reserves for loss and LAE	$	614,557	$	570,450	$	538,214

Summary Exposures to Various Asbestos Related Claims

The following table details our exposures to various asbestos related claims:

	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Reserves for loss and LAE at beginning of year	$	167	$	—	$	—
Incurred losses and LAE during the current year		53		168		—
Less loss and LAE payments for claims occurring during the current year		1		1		—
Reserves for loss and LAE at end of year	$	219	$	167	$	—