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Receivables | 6 Months Ended
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Jun. 30, 2020
Receivables [Abstract] |
Receivables | Receivables The following table presents the components of receivables and the related allowance for credit losses.
(dollars in thousands) | June 30, 2020 |  | December 31, 2019
Amounts receivable from agents, brokers and insureds | $ | 1,762,062 |  |  | $ | 1,424,881 |
Trade accounts receivable | 429,621 |  |  | 259,062 |
Other | 194,719 |  |  | 182,582 |
| 2,386,402 |  |  | 1,866,525 |
Allowance for credit losses | (23,613) |  |  | (18,723) |
Receivables | $ | 2,362,789 |  |  | $ | 1,847,802 |
The increase in gross receivables from December 31, 2019 to June 30, 2020 reflects variations in the volume of business across the Company's operations and the acquisition of Lansing during the second quarter of 2020, as described in note 3. Following the adoption of ASC 326, as described in note 1, beginning January 1, 2020 the Company considers reasonable and supportable forecasts of future economic conditions in addition to information about past events and current conditions to determine the allowance for credit losses. The increase in the allowance for credit losses on receivables from December 31, 2019 to June 30, 2020 reflects the impact of adopting this standard effective January 1, 2020 as well as a decline in short-term economic conditions as forecasted during the six months ended June 30, 2020 as a result of expected impacts from the COVID-19 pandemic.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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