Reinsurance

9 Months Ended

Dec. 26, 2020

Standard Casualty is primarily a specialty writer of manufactured home physical damage insurance. Certain of Standard Casualty's premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. Standard Casualty remains obligated for amounts ceded in the event that the reinsurers do not meet their obligations. Substantially all of Standard Casualty's assumed reinsurance is with one entity.

The effects of reinsurance on premiums written and earned were as follows (in thousands):


	Three Months Ended
	December 26, 2020				December 28, 2019
	Written		Earned		Written		Earned
Direct premiums	$	5,420	$	5,429	$	4,654	$	4,756
Assumed premiums—nonaffiliated	6,541		7,195		5,918		6,676
Ceded premiums—nonaffiliated	(3,146)		(3,146)		(3,071)		(3,071)
	$	8,815	$	9,478	$	7,501	$	8,361


	Nine Months Ended
	December 26, 2020				December 28, 2019
	Written		Earned		Written		Earned
Direct premiums	$	16,100	$	15,759	$	13,866	$	13,979
Assumed premiums—nonaffiliated	21,787		21,028		20,191		19,703
Ceded premiums—nonaffiliated	(9,201)		(9,201)		(9,087)		(9,087)
	$	28,686	$	27,586	$	24,970	$	24,595

Typical insurance policies written or assumed by Standard Casualty have a maximum coverage of $300,000 per claim, of which Standard Casualty cedes $150,000 of the risk of loss per reinsurance. Therefore, Standard Casualty's risk of loss is limited to $150,000 per claim on typical policies, subject to the reinsurers meeting their obligations. After this limit, amounts are recoverable by Standard Casualty through reinsurance for catastrophic losses in excess of $2 million per occurrence, up to a maximum of $55 million in the aggregate.