Reserves for Claims (Tables)

12 Months Ended

Dec. 31, 2017

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

Summary Of Transactions In Reserves For Claims

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

	2017			2016			2015
Balance, beginning of period	$	35,305,000		$	37,788,000		$	36,677,000
Provision (benefit) related to:
Current year	7,431,586			6,673,036			7,295,013
Prior years	(4,120,506		)	(6,430,083		)	(2,816,519		)
Total provision charged to operations	3,311,080			242,953			4,478,494
Claims paid, net of recoveries, related to:
Current year	(74,885		)	(102,501		)	(97,116		)
Prior years	(3,740,195		)	(2,623,452		)	(3,270,378		)
Total claims paid, net of recoveries	(3,815,080		)	(2,725,953		)	(3,367,494		)
Balance, end of year	$	34,801,000		$	35,305,000		$	37,788,000

Summary Of The Company's Loss Reserves

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

	2017		%	2016		%
Known title claims	$	4,646,422	13.4	$	4,405,343	12.5
IBNR	30,154,578		86.6	30,899,657		87.5
Total loss reserve	$	34,801,000	100.0	$	35,305,000	100.0