Reserves For Claims (Tables)

9 Months Ended

Sep. 30, 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 nine-month period ended September 30, 2016 and the year ended December 31, 2015 are summarized as follows:

	September 30, 2016			December 31, 2015
Balance, beginning of period	$	37,788,000		$	36,677,000
(Benefit) provision, charged to operations	(403,982		)	4,478,494
Payments of claims, net of recoveries	(1,848,018		)	(3,367,494		)
Ending balance	$	35,536,000		$	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:

	September 30, 2016		%	December 31, 2015		%
Known title claims	$	4,694,784	13.2	$	5,066,469	13.4
IBNR	30,841,216		86.8	32,721,531		86.6
Total loss reserves	$	35,536,000	100.0	$	37,788,000	100.0