POLICY AND CLAIM RESERVES (Tables)

9 Months Ended

Sep. 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)	Nine months ended September 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	38,477		27,126
Estimated claims and claim adjustment expenses for claims arising in prior years	(1,214)		(1,014)
Total increases	37,263		26,112
Claims and claim adjustment expense payments for claims arising in:
Current year	31,637		22,694
Prior years	4,531		3,496
Total payments	36,168		26,190
Net balance at end of period	8,045		6,746
Plus reinsurance recoverable on unpaid losses	2,778		211
Claims and claim adjustment expense reserves at end of period	$	10,823	$	6,957