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Reinsurance and Insurance Loss Reserves
 9 Months Ended
Dec. 30, 2023
Insurance [Abstract]  
Reinsurance and Insurance Loss Reserves Reinsurance and Insurance Loss Reserves
Certain of Standard Casualty's premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. We remain obligated for amounts ceded in the event that the reinsurers do not meet their obligations.
The effects of reinsurance on premiums written and earned were as follows (in thousands):

Three Months Ended
December 30, 2023December 31, 2022
WrittenEarnedWrittenEarned
Direct premiums
$11,135 $10,693 $7,454 $7,529 
Assumed premiums—nonaffiliated
8,430 8,459 7,709 8,358 
Ceded premiums—nonaffiliated
(6,406)(6,406)(4,413)(4,413)

$13,159 $12,746 $10,750 $11,474 
Nine Months Ended
December 30, 2023December 31, 2022
WrittenEarnedWrittenEarned
Direct premiums
$31,581 $28,740 $22,350 $21,917 
Assumed premiums—nonaffiliated
27,735 25,880 25,555 24,526 
Ceded premiums—nonaffiliated
(18,971)(18,971)(13,056)(13,056)

$40,345 $35,649 $34,849 $33,387 
Typical insurance policies written or assumed have a maximum coverage of $0.4 million per claim, of which we cede $0.2 million of the risk of loss per reinsurance. Therefore, our risk of loss is limited to $0.2 million per claim on typical policies, subject to the reinsurers meeting their obligations. After this limit, amounts are recoverable through reinsurance for catastrophic losses in excess of $3.0 million per occurrence, up to a maximum of $100 million in the aggregate for that occurrence.
Standard Casualty establishes reserves for claims and claims expense on reported and incurred but not reported ("IBNR") claims of non-reinsured losses. The following details the activity in the reserve for the three and nine months ended December 30, 2023 and December 31, 2022 (in thousands):
Three Months EndedNine Months Ended
December 30,
2023		December 31,
2022		December 30,
2023		December 31,
2022
Balance at beginning of period$9,154 $7,790 $10,939 $8,149 
Net incurred losses during the period9,489 8,464 29,152 25,050 
Net claim payments during the period(9,189)(7,163)(30,637)(24,108)
Balance at end of period$9,454 $9,091 $9,454 $9,091