Reserves for Claims (Tables)

12 Months Ended

Dec. 31, 2019

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:

(in thousands)	2019			2018			2017
Balance, beginning of period	$	31,729		$	34,801		$	35,305
Provision (benefit) related to:
Current year	8,610			6,762			7,432
Prior years	(5,078		)	(7,094		)	(4,121		)
Total provision (benefit) charged to operations	3,532			(332		)	3,311
Claims paid, net of recoveries, related to:
Current year	(2,057		)	(178		)	(75		)
Prior years	(1,871		)	(2,562		)	(3,740		)
Total claims paid, net of recoveries	(3,928		)	(2,740		)	(3,815		)
Balance, end of year	$	31,333		$	31,729		$	34,801

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)	2019		%	2018		%
Known title claims	$	3,799	12.1	$	3,007	9.5
IBNR	27,534		87.9	28,722		90.5
Total reserve for claims	$	31,333	100.0	$	31,729	100.0