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REINSURANCE (Tables)
 3 Months Ended
Mar. 31, 2016
REINSURANCE [Abstract]  
Reinsurance Recoverables
The following reinsurance recoverable is reflected in the consolidated balance sheets as of the dates presented as follows:

  
March 31, 2016
  
December 31, 2015
 
  
(in thousands)
 
Reinsurance recoverable on paid losses
 
$
6,767
  
$
5,218
 
Reinsurance recoverable on unpaid losses
  
11,157
   
7,496
 
Reinsurance recoverable, net
 
$
17,924
  
$
12,714
 
Premiums Written and Earned
The following table indicates premiums written and earned as follows:

  
Three Months Ended March 31,
 
  
2016
  
2015
 
  
(in thousands)
 
Premiums written:
      
Direct
 
$
136,025
  
$
106,702
 
Ceded
  
(43,570
)
  
(25,958
)
  
$
92,455
  
$
80,744
 
Premiums earned:
        
Direct
 
$
128,099
  
$
95,693
 
Ceded
  
(73,102
)
  
(50,907
)
  
$
54,997
  
$
44,786