A summary of the Company’s loss reserves is as follows:
(in thousands, except percentages)
June 30, 2016
December 31, 2015
Known title claims
$
76,767
7.7
%
87,543
8.9
Incurred but not reported claims
856,577
86.1
844,364
85.8
Total title claims
933,344
93.8
931,907
94.7
Non-title claims
61,420
6.2
51,973
5.3
Total loss reserves
994,764
100.0
983,880