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Reserves for Claims (Tables)
 12 Months Ended
Dec. 31, 2015
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]  
Summary Of Transactions In Reserves For Claims

Changes in the reserves for claims for the years ended December 31 are summarized as follows based on the year in which the policies were written:
 
2015
 
2014
 
2013
Balance, beginning of period
$
36,677,000

 
$
35,360,000

 
$
39,078,000

Provision (benefit) related to:
 
 
 
 
 
Current year
7,295,013

 
6,860,335

 
7,239,628

Prior year
(2,816,519
)
 
(1,630,619
)
 
(7,811,224
)
Total provision (benefit) charged to operations
4,478,494

 
5,229,716

 
(571,596
)
Claims paid, net of recoveries, related to:
 
 
 
 
 
Current year
(97,116
)
 
(102,947
)
 
(110,240
)
Prior year
(3,270,378
)
 
(3,809,769
)
 
(3,036,164
)
Total claims paid, net of recoveries
(3,367,494
)
 
(3,912,716
)
 
(3,146,404
)
Balance, end of year
$
37,788,000

 
$
36,677,000

 
$
35,360,000
Summary Of The Company's Loss Reserves
A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows:
 
2015
 
%
 
2014
 
%
Known title claims
$
5,066,469

 
13.4
 
$
5,364,645

 
14.6
IBNR
32,721,531

 
86.6
 
31,312,355

 
85.4
Total loss reserves
$
37,788,000

 
100.0
 
$
36,677,000

 
100.0