Reinsurance

6 Months Ended

Sep. 26, 2020

Standard Casualty is primarily a specialty writer of manufactured home physical damage insurance. Certain of Standard Casualty's premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. Standard Casualty remains obligated for amounts ceded in the event that the reinsurers do not meet their obligations. Substantially all of Standard Casualty's assumed reinsurance is with one entity.

The effects of reinsurance on premiums written and earned were as follows (in thousands):


	Three Months Ended
	September 26, 2020				September 28, 2019
	Written		Earned		Written		Earned
Direct premiums	$	4,915	$	5,145	$	4,179	$	4,653
Assumed premiums—nonaffiliated	7,593		7,043		6,760		6,592
Ceded premiums—nonaffiliated	(2,853)		(2,853)		(3,029)		(3,029)
	$	9,655	$	9,335	$	7,910	$	8,216


	Six Months Ended
	September 26, 2020				September 28, 2019
	Written		Earned		Written		Earned
Direct premiums	$	10,680	$	10,330	$	9,212	$	9,223
Assumed premiums—nonaffiliated	15,246		13,833		14,273		13,027
Ceded premiums—nonaffiliated	(6,055)		(6,055)		(6,016)		(6,016)
	$	19,871	$	18,108	$	17,469	$	16,234

Typical insurance policies written or assumed by Standard Casualty have a maximum coverage of $300,000 per claim, of which Standard Casualty cedes $175,000 of the risk of loss per reinsurance. Therefore, Standard Casualty's risk of loss is limited to $125,000 per claim on typical policies, subject to the reinsurers meeting their obligations. After this limit, amounts are recoverable by Standard Casualty through reinsurance for catastrophic losses in excess of $1.5 million per occurrence, up to a maximum of $43.5 million in the aggregate.