POLICY AND CLAIM RESERVES (Tables)

6 Months Ended

Jun. 30, 2020

Insurance [Abstract]

Reconciliation of Policy and Claim Reserves

The following table is a reconciliation of beginning and ending property and casualty reserve balances for claims and claim adjustment expense:

($ in thousands)	Six months ended June 30,
	2020		2019
Summary of claims and claim adjustment expense reserves
Balance, beginning of year	$	7,199	$	8,208
Less reinsurance recoverable on unpaid losses	249		1,384
Net balances at beginning of year	6,950		6,824
Net losses:
Provision for claims and claim adjustment expenses for claims arising in current year	25,956		18,491
Estimated claims and claim adjustment expenses for claims arising in prior years	(544)		(943)
Total increases	25,412		17,548
Claims and claim adjustment expense payments for claims arising in:
Current year	21,320		14,392
Prior years	3,889		3,162
Total payments	25,209		17,554
Net balance at end of period	7,153		6,818
Plus reinsurance recoverable on unpaid losses	230		202
Claims and claim adjustment expense reserves at end of period	$	7,383	$	7,020