Reinsurance

9 Months Ended

Sep. 30, 2020

Insurance [Abstract]

Reinsurance [Text Block]

REINSURANCE

A summary of reinsurance activity is as follows:

(In millions)	For the Three Months Ended  September 30,				For the Nine Months Ended  September 30,
	2020		2019		2020		2019
Net assumed written premiums	$	14.7	$	11.4	$	49.3	$	39.1
Net premiums earned	15.1		12.9		42.2		38.2
Provision for claims	10.7		8.2		28.8		23.1
Amortization of capitalized acquisition costs	0.4		0.2		1.0		0.9

The trust assets and related reinsurance liabilities are as follows:

(In millions)		As of
	Balance Sheet location	September 30, 2020		December 31, 2019
Trust assets	Restricted cash and cash equivalents	$	1.0	$	0.9
Trust assets	Restricted securities available for sale	66.8		59.3
Unearned premium	Accounts payable and accrued liabilities	51.2		44.1
Claims reserve (1)	Accounts payable and accrued liabilities	2.6		1.8

(1)    The claims reserve represents our liability for incurred-but-not-reported claims and is estimated based on historical claims experience.