Reserves For Claims (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016 and the year ended December 31, 2015 are summarized as follows:

	March 31, 2016			December 31, 2015
Balance, beginning of period	$	37,788,000		$	36,677,000
Provision, charged to operations	15,959			4,478,494
Payments of claims, net of recoveries	(406,959		)	(3,367,494		)
Ending balance	$	37,397,000		$	37,788,000

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, 2016		%	December 31, 2015		%
Known title claims	$	4,965,800	13.3	$	5,066,469	13.4
IBNR	32,431,200		86.7	32,721,531		86.6
Total loss reserves	$	37,397,000	100.0	$	37,788,000	100.0