Reserves for Claims (Tables)

12 Months Ended

Dec. 31, 2023

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)	2023		2022
Balance, beginning of period	$	37,192	$	36,754
Provision related to:
Current year	7,547		9,817
Prior years	(2,785)		(5,562)
Total provision charged to operations	4,762		4,255
Claims paid, net of recoveries, related to:
Current year	(428)		(333)
Prior years	(4,379)		(3,484)
Total claims paid, net of recoveries	(4,807)		(3,817)
Balance, end of year	$	37,147	$	37,192

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)	2023		%	2022		%
Known title claims	$	2,855	7.7	$	3,250	8.7
IBNR	34,292		92.3	33,942		91.3
Total reserve for claims	$	37,147	100.0	$	37,192	100.0