Reserves For Claims (Tables)

6 Months Ended

Jun. 30, 2021

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 six-month period ended June 30, 2021 and the year ended December 31, 2020 are summarized as follows:

(in thousands)	June 30, 2021		December 31, 2020
Balance, beginning of period	$	33,584	$	31,333
Provision charged to operations	3,027		5,204
Payments of claims, net of recoveries	(1,308)		(2,953)
Balance, end of period	$	35,303	$	33,584

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)	June 30, 2021		%	December 31, 2020		%
Known title claims	$	3,222	9.1	$	3,585	10.7
IBNR	32,081		90.9	29,999		89.3
Total reserve for claims	$	35,303	100.0	$	33,584	100.0