XML 81 R65.htm IDEA: XBRL DOCUMENT v3.23.1
Reinsurance (Details Narrative) - USD ($)
6 Months Ended 12 Months Ended 18 Months Ended
Jan. 02, 2022
Jan. 01, 2024
Jun. 30, 2023
Jan. 01, 2023
Dec. 30, 2021
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Reinsurance receivables             $ 25,217,000         $ 23,159,000
Reinsurance balances payable             $ 2,667,000         2,881,000
Description Of Reinsurance Losses             Treaty, 4% of the 30% total of losses ceded under this treaty are excluded from a named catastrophe event. For the 2023/2024 Treaty, 17.5% of the 30% total of losses          
Reinsurance description Effective January 1, 2022, the Company entered into an underlying excess of loss reinsurance treaty (“Underlying XOL Treaty”) covering the period from January 1, 2022 through January 1, 2023. The treaty provides 50% reinsurance coverage for losses of $400,000 in excess of $600,000                      
Catastrophe loss coverage in excess of quota share coverage, descriptions             treaty provides 50% reinsurance coverage for losses of $400,000 in excess of $600,000. Reduces retention to $500,000 from $700,000          
Catastrophe loss coverage in excess of quota shares coverages, descriptions             The treaty provides 50% reinsurance coverage for losses of $400,000 in excess of $600,000. Losses from named storms are excluded from the treaty          
Collateralized trust agreement             $ 1,918,000         3,006,000
Irrevocable letter of credit             481,000         $ 791,000
Losses per occurrence subject to quota share reinsurance coverage               $ 5,000,000        
Excess of loss coverage above quota share coverage               5,000,000        
Catastrophe [Member]                        
Reinstatement of premium protection, amount           $ 9,800,000   70,000,000 $ 70,000,000      
Excess of catastrophe coverage $ 0         10,000,000   $ 10,000,000 $ 10,000,000      
Personal Lines [Member] [Member] [Member] [Member]                        
Single risk coverage             $ 9,000,000          
Losses per occurrence subject to quota share reinsurance coverage   $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 0         $ 1,000,000 $ 0  
Personal Lines [Member] [Member] [Member] [Member] | Minimum [Member]                        
Direct loss           3,500,000            
Personal Lines [Member] [Member] [Member] [Member] | Maximum [Member]                        
Direct loss           $ 9,000,000