Reserves for Claims (Tables)

12 Months Ended

Dec. 31, 2014

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

Summary Of Transactions In Reserves For Claims

Changes in the reserves for claims for the years ended December 31 are summarized as follows based on the year in which the policies were written:

	2014			2013			2012
Balance, beginning of period	$	35,360,000		$	39,078,000		$	37,996,000
Provisions related to:
Current year	6,860,335			7,239,628			7,650,959
Prior year	(1,630,619		)	(7,811,224		)	(1,578,844		)
Total provision charged to operations	5,229,716			(571,596		)	6,072,115
Claims paid, net of recoveries, related to:
Current year	(102,947		)	(110,240		)	(76,288		)
Prior year	(3,809,769		)	(3,036,164		)	(4,913,827		)
Total claims paid, net of recoveries	(3,912,716		)	(3,146,404		)	(4,990,115		)
Balance, end of year	$	36,677,000		$	35,360,000		$	39,078,000

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:

	2014		%	2013		%
Known title claims	$	5,364,645	14.6	$	4,670,809	13.2
IBNR	31,312,355		85.4	30,689,191		86.8
Total loss reserves	$	36,677,000	100.0	$	35,360,000	100.0