Reserves for Claims (Tables)

12 Months Ended

Dec. 31, 2020

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)	2020		2019
Balance, beginning of period	$	31,333	$	31,729
Provision related to:
Current year	8,877		8,610
Prior years	(3,673)		(5,078)
Total provision charged to operations	5,204		3,532
Claims paid, net of recoveries, related to:
Current year	(249)		(2,057)
Prior years	(2,704)		(1,871)
Total claims paid, net of recoveries	(2,953)		(3,928)
Balance, end of year	$	33,584	$	31,333

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)	2020		%	2019		%
Known title claims	$	3,585	10.7	$	3,799	12.1
IBNR	29,999		89.3	27,534		87.9
Total reserve for claims	$	33,584	100.0	$	31,333	100.0