Reserves For Claims (Tables)

9 Months Ended

Sep. 30, 2020

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

Summary Of Transactions In Reserves For Claims

Activity in the reserve for claims for the nine-month period ended September 30, 2020 and the year ended December 31, 2019 are summarized as follows:

(in thousands)	September 30, 2020		December 31, 2019
Balance, beginning of period	$	31,333	$	31,729
Provision charged to operations	4,452		3,532
Payments of claims, net of recoveries	(2,253)		(3,928)
Balance, end of period	$	33,532	$	31,333

Summary of the Company's Loss Reserves

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

(in thousands, except percentages)	September 30, 2020		%	December 31, 2019		%
Known title claims	$	3,993	11.9	$	3,799	12.1
IBNR	29,539		88.1	27,534		87.9
Total reserve for claims	$	33,532	100.0	$	31,333	100.0