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Commitments and Contingencies
 9 Months Ended
Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies COMMITMENTS AND CONTINGENCIES
Litigation

We are involved in claims-related legal actions arising in the ordinary course of business. We accrue amounts resulting from claims-related legal actions in unpaid losses and LAE during the period that we determine an unfavorable outcome becomes probable and we can estimate the amounts. Management makes revisions to our estimates based on its analysis of subsequent information that we receive regarding various factors, including: (i) per claim information; (ii) company and industry historical loss experience; (iii) judicial decisions and legal developments in the awarding of damages; and (iv) trends in general economic conditions, including the effects of inflation.

At September 30, 2020, we were not involved in any material non-claims-related legal actions.
Commitments to fund partnership investments

We have fully funded three limited partnership investments and have committed to fund our remaining four limited partnership investments. The amount of unfunded commitments was $2,101,000 and $2,201,000 at September 30, 2020 and December 31, 2019, respectively.

Leases

We, as lessee, have entered into leases of commercial office space of various term lengths. In addition to office space, we lease office equipment and a parking lot under operating leases and vehicles under finance leases.

The classification of operating and finance lease asset and liability balances within the Unaudited Condensed Consolidated Balance Sheets was as follows:
Financial Statement LineSeptember 30, 2020December 31, 2019
Assets
Operating lease assets
Other assets$2,095 $335 
Financing lease assets
Property and equipment, net1,275 1,263 
Total lease assets
$3,370 $1,598 
Liabilities
Operating lease liabilities
Operating lease liability$2,242 $324 
Financing lease liabilities
Other liabilities36 34 
Total lease liabilities
$2,278 $358 

The components of lease expenses were as follows:
Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Operating lease expense$174 $46 $469 $137 
Financing lease expense:
Amortization of leased assets
184 115 511 261 
Interest on lease liabilities
— 1 1 1 1 
Short-term lease expense— 9 — 133 
Net lease expense
$358 $171 $981 $532 

At September 30, 2020, future minimum gross lease payments relating to these non-cancellable operating and finance lease agreements were as follows:
Operating LeasesFinance LeasesTotal
Remaining in 2020$162 $6 $168 
2021619 22 641 
2022532 12 544 
2023517 2 519 
2024528 — 528 
Thereafter1,373 — 1,373 
Total undiscounted future minimum lease payments
3,731 42 3,773 
Less: Imputed interest(1,489)(6)(1,495)
Present value of lease liabilities
$2,242 $36 $2,278 
Weighted average remaining lease term and discount rate related to operating and finance leases were as follows:
September 30, 2020December 31, 2019
Weighted average remaining lease term (months)
Operating leases
69 176 
Financing leases
24 28 
Weighted average discount rate
Operating leases
3.58 %4.00 %
Financing leases
3.27 %3.27 %

Other cash and non-cash related activities were as follows:
Three Months EndedNine Months Ended
September 30, 2020September 30, 2019September 30, 2020September 30, 2019
Cash paid for amounts included in the measurement of lease liabilities
Investing cash flows from financing leases
$27 $414 $505 $891 
Right-of-use assets obtained in exchange for new operating lease liabilities— — 2,136 — 
Right-of-use assets obtained in exchange for new financing lease liabilities28 425 522 915 

See Note 9 of these Notes to Unaudited Condensed Consolidated Financial Statements for information regarding commitments related to long-term debt, and Note 11 of these Notes to Unaudited Condensed Consolidated Financial Statements for information regarding commitments related to regulatory actions.