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Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES Litigation We are involved in claims-related legal actions arising in the ordinary course of business. We accrue amounts resulting from claims-related legal actions in unpaid losses and LAE during the period that we determine an unfavorable outcome becomes probable and we can estimate the amounts. Management makes revisions to our estimates based on its analysis of subsequent information that we receive regarding various factors, including: (i) per claim information; (ii) company and industry historical loss experience; (iii) judicial decisions and legal developments in the awarding of damages; and (iv) trends in general economic conditions, including the effects of inflation. At December 31, 2021, the Company is involved in legal proceedings whereby on August 18, 2021, a former employee of Skyway Legal Services, LLC, filed a complaint against the Company in the United States District Court for the District of Delaware. The lawsuit alleges violations of and damages arising under Title VII of the Civil Rights Act of 1964 and the Age Discrimination in Employment Act of 1967, and seeks damages in an unspecified amount. The Company, a named party to the lawsuit, denies that it employed the plaintiff and disputes the claims set forth in the lawsuit. The Company believes that an unfavorable outcome is neither probable nor estimable. Commitments to fund partnership investments We have fully funded three limited partnership investments and have committed to fund our remaining five limited partnership investments. The amount of unfunded commitments was $1,969,000 and $2,056,000 at December 31, 2021 and 2020, respectively. Leases We, as lessee, have entered into leases of commercial office space of various term lengths. In addition to office space, we lease office equipment and a parking lot under operating leases and vehicles under finance leases. The classification of operating and finance lease asset and liability balances within the Consolidated Balance Sheets was as follows:
|  | Financial Statement Line |  | December 31, 2021 |  | December 31, 2020
Assets |  |  |  |  |  |
Operating lease assets |  | Other assets |  | $ | 1,689 |  |  | $ | 2,168 |
Financing lease assets |  | Property and equipment, net |  | 477 |  |  | 1,214 |
Total lease assets |  |  |  | $ | 2,166 |  |  | $ | 3,382 |
Liabilities |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liability |  | $ | 1,934 |  |  | $ | 2,311 |
Financing lease liabilities |  | Other liabilities |  | 16 |  |  | 36 |
Total lease liabilities |  |  |  | $ | 1,950 |  |  | $ | 2,347 |
The components of lease expenses were as follows:
|  |  |  | Years ended December 31,
|  |  |  | 2021 |  | 2020
Operating lease expense |  |  |  | $ | 654 |  |  | $ | 630 |
Financing lease expense: |  |  |  |  |  |
Amortization of leased assets |  |  |  | 758 |  |  | 702 |
Interest on lease liabilities |  |  |  | 1 |  |  | 1 |
Short-term lease expense |  |  |  | — |  |  | — |
Net lease expense |  |  |  | $ | 1,413 |  |  | $ | 1,333 |
At December 31, 2021, future minimum gross lease payments relating to these non-cancellable operating and finance lease agreements were as follows:
|  | Operating Leases |  | Finance Leases |  | Total
2022 |  | $ | 636 |  |  | $ | 15 |  |  | $ | 651 |
2023 |  | 619 |  |  | 4 |  |  | 623 |
2024 |  | 602 |  |  | — |  |  | 602 |
2025 |  | 257 |  |  | — |  |  | 257 |
2026 |  | 32 |  |  | — |  |  | 32 |
Thereafter |  | 1,161 |  |  | — |  |  | 1,161 |
Total undiscounted future minimum lease payments |  | 3,307 |  |  | 19 |  |  | 3,326 |
Less: Imputed interest |  | (1,373) |  |  | (3) |  |  | (1,376) |
Present value of lease liabilities |  | $ | 1,934 |  |  | $ | 16 |  |  | $ | 1,950 |
Weighted average remaining lease term and discount rate related to operating and finance leases were as follows:
|  | December 31, 2021 |  | December 31, 2020
Weighted average remaining lease term (months) |  |  |  |
Operating leases |  | 51 |  |  | 67 |
Financing leases |  | 17 |  |  | 23 |
Weighted average discount rate |  |  |  |
Operating leases |  | 3.61 | % |  | 3.57 | %
Financing leases |  | 3.27 | % |  | 3.27 | %
Other cash and non-cash related activities were as follows:
|  | Years ended December 31,
|  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Investing cash flows from financing leases |  | $ | 68 |  |  | $ | 631 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | 14 |  |  | 2,471 |
Right-of-use assets obtained in exchange for new financing lease liabilities |  | 70 |  |  | 652 |
Capital lease amortization expenses are included in depreciation expense in our Consolidated Statements of Comprehensive Loss. See Note 7 for information regarding depreciation expense. See Note 11 for information regarding commitments related to long-term debt, and Note 15 for commitments related to regulatory actions.

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