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Reinsurance | 9 Months Ended
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Dec. 26, 2020
Insurance [Abstract] |
Reinsurance | Reinsurance Standard Casualty is primarily a specialty writer of manufactured home physical damage insurance. Certain of Standard Casualty's premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. Standard Casualty remains obligated for amounts ceded in the event that the reinsurers do not meet their obligations. Substantially all of Standard Casualty's assumed reinsurance is with one entity. The effects of reinsurance on premiums written and earned were as follows (in thousands):
| Three Months Ended
| December 26, 2020 |  | December 28, 2019
| Written |  | Earned |  | Written |  | Earned
Direct premiums | $ | 5,420 |  |  | $ | 5,429 |  |  | $ | 4,654 |  |  | $ | 4,756 |
Assumed premiums—nonaffiliated | 6,541 |  |  | 7,195 |  |  | 5,918 |  |  | 6,676 |
Ceded premiums—nonaffiliated | (3,146) |  |  | (3,146) |  |  | (3,071) |  |  | (3,071) |
| $ | 8,815 |  |  | $ | 9,478 |  |  | $ | 7,501 |  |  | $ | 8,361 |
| Nine Months Ended
| December 26, 2020 |  | December 28, 2019
| Written |  | Earned |  | Written |  | Earned
Direct premiums | $ | 16,100 |  |  | $ | 15,759 |  |  | $ | 13,866 |  |  | $ | 13,979 |
Assumed premiums—nonaffiliated | 21,787 |  |  | 21,028 |  |  | 20,191 |  |  | 19,703 |
Ceded premiums—nonaffiliated | (9,201) |  |  | (9,201) |  |  | (9,087) |  |  | (9,087) |
| $ | 28,686 |  |  | $ | 27,586 |  |  | $ | 24,970 |  |  | $ | 24,595 |
Typical insurance policies written or assumed by Standard Casualty have a maximum coverage of $300,000 per claim, of which Standard Casualty cedes $150,000 of the risk of loss per reinsurance. Therefore, Standard Casualty's risk of loss is limited to $150,000 per claim on typical policies, subject to the reinsurers meeting their obligations. After this limit, amounts are recoverable by Standard Casualty through reinsurance for catastrophic losses in excess of $2 million per occurrence, up to a maximum of $55 million in the aggregate.

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- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI http://asc.fasb.org/topic&trid=2303980 + Details
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