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Receivables (Tables)
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Components of Receivabes
The following table presents the components of receivables and the related allowance for credit losses.
(dollars in thousands)June 30, 2020December 31, 2019
Amounts receivable from agents, brokers and insureds$1,762,062  $1,424,881  
Trade accounts receivable429,621  259,062  
Other194,719  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.