Reserves For Claims (Tables)

3 Months Ended

Mar. 31, 2014

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Summary Of Transactions In Reserves For Claims

Transactions in the reserves for claims for the three months ended March 31, 2014 and the year ended December 31, 2013 are summarized as follows:

	March 31, 2014			December 31, 2013
Balance, beginning of period	$	35,360,000		$	39,078,000
Provision (benefit), charged to operations	2,375,383			(571,596		)
Payments of claims, net of recoveries	(1,270,383		)	(3,146,404		)
Ending balance	$	36,465,000		$	35,360,000

Summary Of The Company's Loss Reserves

A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows:

	March 31, 2014		%	December 31, 2013		%
Known title claims	$	5,259,119	14.4	$	4,670,809	13.2
IBNR	31,205,881		85.6	30,689,191		86.8
Total loss reserves	$	36,465,000	100.0	$	35,360,000	100.0