Reserves For Claims (Tables)

9 Months Ended

Sep. 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 nine-month period ended September 30, 2019 and the year ended December 31, 2018 are summarized as follows:

(in thousands)	September 30, 2019			December 31, 2018
Balance, beginning of period	$	31,729		$	34,801
Provision (benefit), charged to operations	3,610			(332		)
Payments of claims, net of recoveries	(3,534		)	(2,740		)
Balance, end of period	$	31,805		$	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)	September 30, 2019		%	December 31, 2018		%
Known title claims	$	3,587	11.3	$	3,007	9.5
IBNR	28,218		88.7	28,722		90.5
Total reserve for claims	$	31,805	100.0	$	31,729	100.0