Reinsurance Activity (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Dec. 31, 2011
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Reinsurance Activity | |||||
Reinsurance recoverables | $ 22,496 | $ 22,496 | $ 25,861 | ||
Written | |||||
Premiums from direct business | 40,899 | 38,826 | 126,833 | 119,137 | |
Reinsurance assumed | 1,726 | 1,420 | 4,830 | 4,091 | |
Reinsurance ceded | (5,106) | (4,484) | (14,953) | (14,642) | |
Net premiums, Written | 37,519 | 35,762 | 116,710 | 108,586 | |
Earned | |||||
Premiums from direct business | 40,922 | 37,783 | 121,209 | 108,939 | |
Reinsurance assumed | 1,520 | 1,313 | 4,296 | 3,834 | |
Reinsurance ceded | (4,754) | (4,153) | (16,467) | (14,330) | |
Net premiums, Earned | 37,688 | 34,943 | 109,038 | 98,443 | |
Effect of reinsurance on incurred losses | |||||
Loss and loss adjustment expense (LAE) incurred | 31,577 | 16,568 | 94,022 | 77,718 | |
Reinsurance recoverables | (1,441) | 7,226 | (2,273) | 3,181 | |
Net loss and LAE incurred | $ 30,136 | $ 23,794 | $ 91,749 | $ 80,899 | |
Standard Flood Insurance Policy
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Reinsurance activity | |||||
Percentage of the policies written by the entity which have been ceded to FEMA | 100.00% |
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- Definition
Represents the percentage of policies written by the entity which have been ceded. No definition available.
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- Details
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- Definition
Premiums assumed and earned for all property and casualty insurance assumed from other insurers as a result of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Premiums assumed for all property and casualty insurance assumed from other insurers as a result of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Premiums assumed and earned by another insurer as a result of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Premiums for property and casualty coverage ceded to another insurer under reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Premiums earned directly for all property and casualty insurance before adding contracts assumed from other insurers or subtracting any amounts assumed by other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Premiums written directly by insurer for all property and casualty insurance before adding contracts assumed from other insurers or subtracting any amounts assumed by other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total provision in the period for future policy benefits, claims incurred and costs incurred in the claims settlement process before the effects of reinsurance arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Provision for benefits, claims and claims settlement expenses incurred during the period net of the effects of contracts assumed and ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Premiums written for all property and casualty insurance and reinsurance contracts after subtracting any amounts ceded to another insurer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net amount in the period for future policy benefits and costs incurred under policies assumed and estimated recoupments under policies ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The known and estimated amount recoverable as of the balance sheet date from reinsurers for claims paid or incurred by the ceding insurer and associated claims settlement expenses, including estimated amounts for claims incurred but not reported, and policy benefits, net of any related valuation allowance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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