Reserves For Claims (Tables)

3 Months Ended

Mar. 31, 2017

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Summary Of Transactions In Reserves For Claims

Transactions in the reserves for claims for the three-month period ended March 31, 2017 and the year ended December 31, 2016 are summarized as follows:

	March 31, 2017			December 31, 2016
Balance, beginning of period	$	35,305,000		$	37,788,000
Provision, charged to operations	719,397			242,953
Payments of claims, net of recoveries	(579,397		)	(2,725,953		)
Ending balance	$	35,445,000		$	35,305,000

Summary Of The Company's Loss Reserves

A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows:

	March 31, 2017		%	December 31, 2016		%
Known title claims	$	4,554,599	12.8	$	4,405,343	12.5
IBNR	30,890,401		87.2	30,899,657		87.5
Total loss reserves	$	35,445,000	100.0	$	35,305,000	100.0