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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2015
REINSURANCE [Abstract]  
Reinsurance Recoverables
The following reinsurance recoverable is reflected in the consolidated balance sheets as of the dates presented as follows:
 
  
Year Ended December 31,
 
  
2015
  
2014
 
  
(in thousands)
 
Reinsurance recoverable on paid losses
 
$
5,218
  
$
2,140
 
Reinsurance recoverable on unpaid losses
  
7,496
   
10,394
 
Reinsurance recoverable, net
 
$
12,714
  
$
12,534
 
Premiums Written and Earned
 
The following table indicates premiums written and earned as follows:

  
Year Ended December 31,
 
  
2015
  
2014
  
2013
 
  
(in thousands)
 
Premiums written:
         
Direct
 
$
493,770
  
$
377,156
  
$
243,373
 
Ceded
  
(268,517
)
  
(201,998
)
  
(82,709
)
  
$
225,253
  
$
175,158
  
$
160,664
 
Premiums earned:
            
Direct
 
$
432,233
  
$
313,075
  
$
174,037
 
Ceded
  
(222,213
)
  
(142,170
)
  
(69,656
)
  
$
210,020
  
$
170,905
  
$
104,381