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Reserves For Claims (Tables)

3 Months Ended

Mar. 31, 2013

Summary Of Transactions In Reserves For Claims


		March 31, 2013			December 31, 2012
Balance, beginning of period	$	39,078,000		$	37,996,000
Provision, charged to operations		(389,058	)		6,072,115
Payments of claims, net of recoveries		(380,942	)		(4,990,115	)
Ending balance	$	38,308,000		$	39,078,000

Summary Of The Company's Loss Reserves


		March 31, 2013	%		December 31, 2012	%
Known title claims	$	4,288,643	11.2	$	5,166,370	13.2
IBNR		34,019,357	88.8		33,911,630	86.8
Total loss reserves	$	38,308,000	100.0	$	39,078,000	100.0

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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