Reinsurance (Tables)

12 Months Ended

Dec. 31, 2014

Insurance [Abstract]

Schedule of the Effect of Reinsurance on Premiums Written and Earned

The effect of reinsurance on premiums written and earned in 2014, 2013 and 2012 was as follows:

	2014 Premiums						2013 Premiums						2012 Premiums
	Written			Earned			Written			Earned			Written			Earned
	(in thousands)
Gross	$	393,819		$	389,540		$	372,177		$	348,408		$	328,823		$	306,994
Ceded		(13,793	)		(13,793	)		(18,425	)		(18,425	)		(16,305	)		(16,305	)
Net premiums	$	380,026		$	375,747		$	353,752		$	329,983		$	312,518		$	290,689

Schedule of the Amounts Recoverable from Reinsurers

The amounts recoverable from reinsurers consist of the following:

	December 31,
	2014		2013
	(in thousands)
Unpaid losses recoverable:
Case basis	$	34,196	$	31,850
Incurred but not reported		25,138		16,849
Paid losses recoverable		424		497
Experience-rated commissions recoverable		26,130		26,130
Total	$	85,888	$	75,326

Schedule of Unsecured Reinsurance Recoverables from Reinsurers

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

Hannover Reinsurance (Ireland) Limited (A+)	$	27,387
Odyssey America Reinsurance Corporation (A)		13,523
Minnesota Workers’ Compensation Reinsurance Association (NR)		8,518
Tokio Millenium Reinsurance Limited (A++)		6,410
Clearwater Insurance Company (bbb)		6,229
Other reinsurers		23,821
Total reinsurance recoverables		85,888
Letters of credit and funds held		(47,833	)
Total unsecured reinsurance recoverables	$	38,055