Reserves for Claims (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021
Balance, beginning of period	$	36,754	$	33,584
Provision related to:
Current year	9,817		11,450
Prior years	(5,562)		(5,764)
Total provision charged to operations	4,255		5,686
Claims paid, net of recoveries, related to:
Current year	(333)		(146)
Prior years	(3,484)		(2,370)
Total claims paid, net of recoveries	(3,817)		(2,516)
Balance, end of year	$	37,192	$	36,754

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)	2022		%	2021		%
Known title claims	$	3,250	8.7	$	3,317	9.0
IBNR	33,942		91.3	33,437		91.0
Total reserve for claims	$	37,192	100.0	$	36,754	100.0