Reserves For Claims (Tables)

6 Months Ended

Jun. 30, 2019

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

Summary Of Transactions In Reserves For Claims

Activity in the reserve for claims for the six-month period ended June 30, 2019 and the year ended December 31, 2018 are summarized as follows:

(in thousands)	June 30, 2019			December 31, 2018
Balance, beginning of period	$	31,729		$	34,801
Provision (benefit), charged to operations	2,623			(332		)
Payments of claims, net of recoveries	(1,314		)	(2,740		)
Balance, end of period	$	33,038		$	31,729

Summary of the Company's Loss Reserves

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

(in thousands, except percentages)	June 30, 2019		%	December 31, 2018		%
Known title claims	$	5,045	15.3	$	3,007	9.5
IBNR	27,993		84.7	28,722		90.5
Total reserve for claims	$	33,038	100.0	$	31,729	100.0