Reserves for Claims (Tables)

12 Months Ended

Dec. 31, 2021

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)	2021		2020
Balance, beginning of period	$	33,584	$	31,333
Provision related to:
Current year	11,450		8,877
Prior years	(5,764)		(3,673)
Total provision charged to operations	5,686		5,204
Claims paid, net of recoveries, related to:
Current year	(146)		(249)
Prior years	(2,370)		(2,704)
Total claims paid, net of recoveries	(2,516)		(2,953)
Balance, end of year	$	36,754	$	33,584

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)	2021		%	2020		%
Known title claims	$	3,317	9.0	$	3,585	10.7
IBNR	33,437		91.0	29,999		89.3
Total reserve for claims	$	36,754	100.0	$	33,584	100.0