v2.4.1.9
Document And Entity Information (USD $)
12 Months Ended
Dec. 31, 2014
Feb. 13, 2015
Jun. 30, 2014
Document And Entity Information [Abstract]      
Document Type 10-K    
Amendment Flag false    
Document Period End Date Dec. 31, 2014    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2014    
Entity Registrant Name INVESTORS TITLE CO    
Entity Central Index Key 0000720858    
Current Fiscal Year End Date --12-31    
Entity Filer Category Accelerated Filer    
Entity Common Stock, Shares Outstanding   2,013,345dei_EntityCommonStockSharesOutstanding  
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Well-known Seasoned Issuer No    
Entity Public Float     $ 103,384,436dei_EntityPublicFloat
v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
Investments in securities:    
Fixed maturities, available-for-sale, at fair value (amortized cost: 2014: $104,421,050; 2013: $87,980,160) $ 109,048,290us-gaap_AvailableForSaleSecuritiesDebtSecurities $ 91,445,413us-gaap_AvailableForSaleSecuritiesDebtSecurities
Equity securities, available-for-sale, at fair value (cost: 2014: $24,128,753; 2013: $22,200,369) 39,254,981us-gaap_AvailableForSaleSecuritiesEquitySecurities 36,144,065us-gaap_AvailableForSaleSecuritiesEquitySecurities
Short-term investments 2,576,993us-gaap_OtherShortTermInvestments 7,926,373us-gaap_OtherShortTermInvestments
Other investments 8,530,929us-gaap_OtherInvestments 7,247,831us-gaap_OtherInvestments
Total investments 159,411,193us-gaap_Investments 142,763,682us-gaap_Investments
Cash and cash equivalents 15,826,515us-gaap_CashAndCashEquivalentsAtCarryingValue 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue
Premium and fees receivable 8,544,183us-gaap_PremiumsAndOtherReceivablesNet 8,750,224us-gaap_PremiumsAndOtherReceivablesNet
Accrued interest and dividends 1,063,837us-gaap_AccruedInvestmentIncomeReceivable 1,006,698us-gaap_AccruedInvestmentIncomeReceivable
Prepaid expenses and other assets 7,732,677us-gaap_PrepaidExpenseAndOtherAssets 7,466,141us-gaap_PrepaidExpenseAndOtherAssets
Property, net 5,460,805us-gaap_PropertyPlantAndEquipmentNet 4,325,538us-gaap_PropertyPlantAndEquipmentNet
Current income taxes recoverable 0us-gaap_IncomeTaxReceivable 366,772us-gaap_IncomeTaxReceivable
Total Assets 198,039,210us-gaap_Assets 188,305,816us-gaap_Assets
Liabilities:    
Reserves for claims 36,677,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense 35,360,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense
Accounts payable and accrued liabilities 18,290,819us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 20,324,190us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Current income taxes payable 92,192us-gaap_AccruedIncomeTaxes 0us-gaap_AccruedIncomeTaxes
Deferred income taxes, net 5,415,493us-gaap_DeferredTaxLiabilities 4,013,983us-gaap_DeferredTaxLiabilities
Total liabilities 60,475,504us-gaap_Liabilities 59,698,173us-gaap_Liabilities
Commitments and Contingencies 0us-gaap_CommitmentsAndContingencies 0us-gaap_CommitmentsAndContingencies
Redeemable Noncontrolling Interest 0us-gaap_TemporaryEquityRedemptionValue 545,489us-gaap_TemporaryEquityRedemptionValue
Stockholders' Equity:    
Preferred stock (1,000,000 authorized shares; no shares issued) 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock - no par value (10,000,000 authorized shares; 2,023,270 and 2,037,135 shares issued and outstanding 2014 and 2013, respectively, excluding 291,676 shares for 2014 and 2013 of common stock held by the Company’s subsidiary) 1us-gaap_CommonStockValue 1us-gaap_CommonStockValue
Retained earnings 124,707,196us-gaap_RetainedEarningsAccumulatedDeficit 116,714,749us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income 12,856,509us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 11,347,404us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders’ equity 137,563,706us-gaap_StockholdersEquity 128,062,154us-gaap_StockholdersEquity
Total Liabilities and Stockholders’ Equity $ 198,039,210us-gaap_LiabilitiesAndStockholdersEquity $ 188,305,816us-gaap_LiabilitiesAndStockholdersEquity
v2.4.1.9
Consolidated Balance Sheets (Parenthetical) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Statement of Financial Position [Abstract]    
Fixed maturities, available-for-sale, amortized cost $ 104,421,050us-gaap_AvailableForSaleSecuritiesAmortizedCost $ 87,980,160us-gaap_AvailableForSaleSecuritiesAmortizedCost
Equity securities, available-for-sale, cost $ 24,128,753us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis $ 22,200,369us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis
Preferred stock, shares authorized 1,000,000us-gaap_PreferredStockSharesAuthorized 1,000,000us-gaap_PreferredStockSharesAuthorized
Preferred stock, shares issued 0us-gaap_PreferredStockSharesIssued 0us-gaap_PreferredStockSharesIssued
Common stock, no par value      
Common stock, shares authorized 10,000,000us-gaap_CommonStockSharesAuthorized 10,000,000us-gaap_CommonStockSharesAuthorized
Common stock, shares issued 2,023,270us-gaap_CommonStockSharesIssued 2,037,135us-gaap_CommonStockSharesIssued
Common stock, shares outstanding 2,023,270us-gaap_CommonStockSharesOutstanding 2,037,135us-gaap_CommonStockSharesOutstanding
Common stock, held by Company's subsidiary 291,676itic_CommonStockHeldByCompanysSubsidiary 291,676itic_CommonStockHeldByCompanysSubsidiary
v2.4.1.9
Consolidated Statements Of Income (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Net premiums written $ 109,963,556us-gaap_PremiumsWrittenNet $ 113,886,266us-gaap_PremiumsWrittenNet $ 102,331,102us-gaap_PremiumsWrittenNet
Investment income – interest and dividends 4,259,501us-gaap_InvestmentIncomeInterestAndDividend 3,894,608us-gaap_InvestmentIncomeInterestAndDividend 3,980,411us-gaap_InvestmentIncomeInterestAndDividend
Net realized gain on investments 268,294us-gaap_GainLossOnInvestments 195,800us-gaap_GainLossOnInvestments 1,066,239us-gaap_GainLossOnInvestments
Other 8,627,935us-gaap_OtherIncome 8,274,823us-gaap_OtherIncome 7,701,340us-gaap_OtherIncome
Total Revenues 123,119,286us-gaap_Revenues 126,251,497us-gaap_Revenues 115,079,092us-gaap_Revenues
Operating Expenses:      
Commissions to agents 65,632,353us-gaap_InsuranceCommissions 67,150,810us-gaap_InsuranceCommissions 59,427,070us-gaap_InsuranceCommissions
Provision (benefit) for claims 5,229,716us-gaap_PolicyholderBenefitsAndClaimsIncurredNet (571,596)us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 6,072,115us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Salaries, employee benefits and payroll taxes 25,218,225us-gaap_LaborAndRelatedExpense 25,386,511us-gaap_LaborAndRelatedExpense 21,881,540us-gaap_LaborAndRelatedExpense
Office occupancy and operations 5,049,962itic_OfficeOccupancyAndOperations 4,430,220itic_OfficeOccupancyAndOperations 3,994,244itic_OfficeOccupancyAndOperations
Business development 2,333,491us-gaap_BusinessDevelopment 2,145,639us-gaap_BusinessDevelopment 1,856,848us-gaap_BusinessDevelopment
Filing fees, franchise and local taxes 817,909itic_FilingFeesFranchiseAndLocalTaxes 681,935itic_FilingFeesFranchiseAndLocalTaxes 846,168itic_FilingFeesFranchiseAndLocalTaxes
Premium and retaliatory taxes 1,851,767itic_PremiumAndRetaliatoryTaxes 2,558,227itic_PremiumAndRetaliatoryTaxes 1,885,760itic_PremiumAndRetaliatoryTaxes
Professional and contract labor fees 2,676,483us-gaap_ProfessionalFees 2,171,606us-gaap_ProfessionalFees 2,420,387us-gaap_ProfessionalFees
Other 820,882us-gaap_OtherCostAndExpenseOperating 755,407us-gaap_OtherCostAndExpenseOperating 615,053us-gaap_OtherCostAndExpenseOperating
Total Operating Expenses 109,630,788us-gaap_BenefitsLossesAndExpenses 104,708,759us-gaap_BenefitsLossesAndExpenses 98,999,185us-gaap_BenefitsLossesAndExpenses
Income before Income Taxes 13,488,498us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 21,542,738us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 16,079,907us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for Income Taxes 3,816,000us-gaap_IncomeTaxExpenseBenefit 6,746,000us-gaap_IncomeTaxExpenseBenefit 4,889,000us-gaap_IncomeTaxExpenseBenefit
Net Income 9,672,498us-gaap_ProfitLoss 14,796,738us-gaap_ProfitLoss 11,190,907us-gaap_ProfitLoss
Net Income Attributable to Redeemable Noncontrolling Interest (23,523)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (88,528)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (88,411)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
Net Income Attributable to the Company $ 9,648,975us-gaap_NetIncomeLoss $ 14,708,210us-gaap_NetIncomeLoss $ 11,102,496us-gaap_NetIncomeLoss
Basic Earnings per Common Share $ 4.75us-gaap_EarningsPerShareBasic $ 7.15us-gaap_EarningsPerShareBasic $ 5.33us-gaap_EarningsPerShareBasic
Weighted Average Shares Outstanding – Basic 2,031,760us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,056,169us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,081,703us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted Earnings per Common Share $ 4.74us-gaap_EarningsPerShareDiluted $ 7.08us-gaap_EarningsPerShareDiluted $ 5.24us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding – Diluted 2,037,534us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,076,628us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,116,793us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividend declared per share $ 0.32us-gaap_CommonStockDividendsPerShareDeclared $ 0.32us-gaap_CommonStockDividendsPerShareDeclared $ 0.29us-gaap_CommonStockDividendsPerShareDeclared
v2.4.1.9
Consolidated Statements Of Comprehensive Income (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statement of Comprehensive Income [Abstract]      
Net income $ 9,672,498us-gaap_ProfitLoss $ 14,796,738us-gaap_ProfitLoss $ 11,190,907us-gaap_ProfitLoss
Other comprehensive income, before tax:      
Amortization (accretion) related to prior year service cost 2,217us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax (1,518)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax 9,396us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
Amortization of unrecognized loss 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax 6,293us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax 680us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
Accumulated postretirement (benefit) provision obligation adjustment (47,121)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax 77,213us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax (82,918)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
Unrealized gains on investments arising during the period 2,848,256us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax 3,959,623us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax 3,190,737us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
Reclassification adjustment for sale of securities included in net income (518,279)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax (229,869)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax (1,166,179)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
Reclassification adjustment for write-down of securities included in net income 14,542us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax 34,070us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax 99,940us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax
Other 0itic_ComprehensiveIncomeOther 0itic_ComprehensiveIncomeOther (36,600)itic_ComprehensiveIncomeOther
Other comprehensive income, before tax 2,299,615us-gaap_OtherComprehensiveIncomeLossBeforeTax 3,845,812us-gaap_OtherComprehensiveIncomeLossBeforeTax 2,015,056us-gaap_OtherComprehensiveIncomeLossBeforeTax
Income tax (benefit) expense related to postretirement health benefits (15,269)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax 27,887us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax (24,764)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
Income tax expense related to unrealized gains on investments arising during the year 974,145us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax 1,354,439us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax 1,122,003us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
Income tax benefit related to reclassification adjustment for sale of securities included in net income (173,403)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax (78,622)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax (426,017)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
Income tax expense related to reclassification adjustment for write-down of securities included in net income 5,037us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax 13,134us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax 34,569us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax
Net income tax expense on other comprehensive income 790,510us-gaap_OtherComprehensiveIncomeLossTax 1,316,838us-gaap_OtherComprehensiveIncomeLossTax 705,791us-gaap_OtherComprehensiveIncomeLossTax
Other comprehensive income 1,509,105us-gaap_OtherComprehensiveIncomeLossNetOfTax 2,528,974us-gaap_OtherComprehensiveIncomeLossNetOfTax 1,309,265us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive Income 11,181,603us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 17,325,712us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 12,500,172us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Less: Comprehensive income attributable to redeemable noncontrolling interest (23,523)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (88,528)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (88,411)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive Income Attributable to the Company $ 11,158,080us-gaap_ComprehensiveIncomeNetOfTax $ 17,237,184us-gaap_ComprehensiveIncomeNetOfTax $ 12,411,761us-gaap_ComprehensiveIncomeNetOfTax
v2.4.1.9
Consolidated Statements Of Stockholders' Equity (USD $)
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income
Balance, beginning of year at Dec. 31, 2011 $ 106,512,184us-gaap_StockholdersEquity $ 1us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 99,003,018us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ 7,509,165us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Balance, beginning of year, shares at Dec. 31, 2011   2,107,681us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to the Company 11,102,496us-gaap_NetIncomeLoss   11,102,496us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Dividends (603,334)us-gaap_DividendsCommonStockCash   (603,334)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Shares of common stock repurchased and retired (in shares)   (70,702)us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Shares of common stock repurchased and retired (3,975,532)us-gaap_TreasuryStockValueAcquiredCostMethod   (3,975,532)us-gaap_TreasuryStockValueAcquiredCostMethod
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Stock options and stock appreciation rights exercised (in shares)   6,380us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Stock options and stock appreciation rights exercised 160,557us-gaap_StockIssuedDuringPeriodValueShareBasedCompensationGross   160,557us-gaap_StockIssuedDuringPeriodValueShareBasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Share-based compensation expense 74,553us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   74,553us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Amortization related to postretirement health benefits 6,648itic_AmortizationRelatedToPostretirementHealthBenefits     6,648itic_AmortizationRelatedToPostretirementHealthBenefits
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Accumulated postretirement benefit obligation adjustment (54,726)itic_AccumulatedPostretirementBenefitObligationAdjustment     (54,726)itic_AccumulatedPostretirementBenefitObligationAdjustment
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Net unrealized gain on investments 1,393,943us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax     1,393,943us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Temporary Equity, Interest Resulting From Subsidiary Purchase 0itic_TemporaryEquityInterestResultingFromSubsidiaryPurchase      
Other 22,101us-gaap_StockholdersEquityOther   58,701us-gaap_StockholdersEquityOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(36,600)us-gaap_StockholdersEquityOther
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Balance, end of year at Dec. 31, 2012 114,638,890us-gaap_StockholdersEquity 1us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
105,820,459us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
8,818,430us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Balance, end of year, shares at Dec. 31, 2012   2,043,359us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to the Company 14,708,210us-gaap_NetIncomeLoss   14,708,210us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Dividends (657,914)us-gaap_DividendsCommonStockCash   (657,914)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Shares of common stock repurchased and retired (in shares)   (56,223)us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Shares of common stock repurchased and retired (4,262,260)us-gaap_TreasuryStockValueAcquiredCostMethod   (4,262,260)us-gaap_TreasuryStockValueAcquiredCostMethod
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Stock options and stock appreciation rights exercised (in shares)   49,999us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Stock options and stock appreciation rights exercised 75,797us-gaap_StockIssuedDuringPeriodValueShareBasedCompensationGross   75,797us-gaap_StockIssuedDuringPeriodValueShareBasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Share-based compensation expense 83,852us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   83,852us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Amortization related to postretirement health benefits 3,140itic_AmortizationRelatedToPostretirementHealthBenefits     3,140itic_AmortizationRelatedToPostretirementHealthBenefits
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Accumulated postretirement benefit obligation adjustment 50,961itic_AccumulatedPostretirementBenefitObligationAdjustment     50,961itic_AccumulatedPostretirementBenefitObligationAdjustment
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Net unrealized gain on investments 2,474,873us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax     2,474,873us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Temporary Equity, Interest Resulting From Subsidiary Purchase 0itic_TemporaryEquityInterestResultingFromSubsidiaryPurchase      
Income tax benefit from share-based compensation 946,605us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation   946,605us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Balance, end of year at Dec. 31, 2013 128,062,154us-gaap_StockholdersEquity 1us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
116,714,749us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
11,347,404us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Balance, end of year, shares at Dec. 31, 2013   2,037,135us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income attributable to the Company 9,648,975us-gaap_NetIncomeLoss   9,648,975us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Dividends (650,433)us-gaap_DividendsCommonStockCash   (650,433)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Shares of common stock repurchased and retired (in shares)   (15,372)us-gaap_TreasuryStockSharesAcquired
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Shares of common stock repurchased and retired (1,055,765)us-gaap_TreasuryStockValueAcquiredCostMethod   (1,055,765)us-gaap_TreasuryStockValueAcquiredCostMethod
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Stock options and stock appreciation rights exercised (in shares)   1,507us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
Stock options and stock appreciation rights exercised 27,100us-gaap_StockIssuedDuringPeriodValueShareBasedCompensationGross   27,100us-gaap_StockIssuedDuringPeriodValueShareBasedCompensationGross
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Share-based compensation expense 120,891us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue   120,891us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Amortization related to postretirement health benefits 1,465itic_AmortizationRelatedToPostretirementHealthBenefits     1,465itic_AmortizationRelatedToPostretirementHealthBenefits
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Accumulated postretirement benefit obligation adjustment (31,100)itic_AccumulatedPostretirementBenefitObligationAdjustment     (31,100)itic_AccumulatedPostretirementBenefitObligationAdjustment
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Net unrealized gain on investments 1,538,740us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax     1,538,740us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Temporary Equity, Interest Resulting From Subsidiary Purchase (114,320)itic_TemporaryEquityInterestResultingFromSubsidiaryPurchase   (114,320)itic_TemporaryEquityInterestResultingFromSubsidiaryPurchase
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Income tax benefit from share-based compensation 15,999us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation   15,999us-gaap_AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Balance, end of year at Dec. 31, 2014 $ 137,563,706us-gaap_StockholdersEquity $ 1us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ 124,707,196us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ 12,856,509us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Balance, end of year, shares at Dec. 31, 2014   2,023,270us-gaap_SharesIssued
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
   
v2.4.1.9
Consolidated Statements Of Stockholders' Equity (Parenthetical) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]      
Dividend declared per share $ 0.32us-gaap_CommonStockDividendsPerShareDeclared $ 0.32us-gaap_CommonStockDividendsPerShareDeclared $ 0.29us-gaap_CommonStockDividendsPerShareDeclared
v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities      
Net income $ 9,672,498us-gaap_ProfitLoss $ 14,796,738us-gaap_ProfitLoss $ 11,190,907us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation 833,104us-gaap_Depreciation 669,727us-gaap_Depreciation 486,922us-gaap_Depreciation
Amortization, net 630,782us-gaap_AdjustmentForAmortization 507,111us-gaap_AdjustmentForAmortization 468,006us-gaap_AdjustmentForAmortization
Amortization related to postretirement benefits obligation 2,217itic_CashFlowAmortizationRelatedToPostretirementHealthBenefits 4,765itic_CashFlowAmortizationRelatedToPostretirementHealthBenefits 10,076itic_CashFlowAmortizationRelatedToPostretirementHealthBenefits
Share-based compensation expense related to stock options 120,891us-gaap_ShareBasedCompensation 83,852us-gaap_ShareBasedCompensation 74,553us-gaap_ShareBasedCompensation
Net loss (gain) on disposals of property 24,608us-gaap_GainLossOnSaleOfPropertyPlantEquipment 7,831us-gaap_GainLossOnSaleOfPropertyPlantEquipment (28,538)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Net realized gain on investments (268,294)us-gaap_GainLossOnInvestments (195,800)us-gaap_GainLossOnInvestments (1,066,239)us-gaap_GainLossOnInvestments
Net earnings from other investments (1,450,980)us-gaap_GainLossOnSaleOfOtherInvestments (1,257,266)us-gaap_GainLossOnSaleOfOtherInvestments (1,674,594)us-gaap_GainLossOnSaleOfOtherInvestments
Provision (benefit) for claims 5,229,716us-gaap_PolicyholderBenefitsAndClaimsIncurredNet (571,596)us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 6,072,115us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Provision (benefit) for deferred income taxes 611,000us-gaap_DeferredIncomeTaxExpenseBenefit 1,804,000us-gaap_DeferredIncomeTaxExpenseBenefit (292,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Payments of claims, net of recoveries (3,912,716)itic_PaymentsOfClaimsNetRecoveries (3,146,404)itic_PaymentsOfClaimsNetRecoveries (4,990,115)itic_PaymentsOfClaimsNetRecoveries
Changes in assets and liabilities:      
Decrease (increase) in receivables 206,041us-gaap_IncreaseDecreaseInReceivables 2,287,489us-gaap_IncreaseDecreaseInReceivables (4,227,714)us-gaap_IncreaseDecreaseInReceivables
Increase in other assets (393,359)us-gaap_IncreaseDecreaseInOtherOperatingAssets (2,906,224)us-gaap_IncreaseDecreaseInOtherOperatingAssets (407,252)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Decrease (increase) in income taxes recoverable 366,772us-gaap_IncreaseDecreaseInIncomeTaxesReceivable (366,772)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 0us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
(Decrease) increase in accounts payable and accrued liabilities (2,080,492)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 4,923,858us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 2,372,995us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Increase (decrease) in current income taxes payable 92,192us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (1,336,824)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 696,291us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Net cash provided by (used in) operating activities 9,683,980us-gaap_NetCashProvidedByUsedInOperatingActivities 15,304,485us-gaap_NetCashProvidedByUsedInOperatingActivities 8,685,413us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities      
Purchases of available-for-sale securities (30,899,452)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (23,466,037)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (15,899,439)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Purchases of short-term securities (911,188)us-gaap_PaymentsToAcquireShortTermInvestments (2,638,908)us-gaap_PaymentsToAcquireShortTermInvestments (6,347,527)us-gaap_PaymentsToAcquireShortTermInvestments
Purchases of other investments (1,689,950)us-gaap_PaymentsToAcquireOtherInvestments (1,369,210)us-gaap_PaymentsToAcquireOtherInvestments (3,441,412)us-gaap_PaymentsToAcquireOtherInvestments
Capital contribution to subsidiaries 0us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross (350,000)us-gaap_PaymentsToAcquireBusinessesGross
Proceeds from sales and maturities of available-for-sale securities 12,472,817us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 9,892,634us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 15,646,381us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Proceeds from sales and maturities of short-term securities 6,260,568us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments 8,280,183us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments 6,892,141us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
Proceeds from sales and distributions of other investments 1,584,337us-gaap_ProceedsFromSaleOfOtherInvestments 2,107,675us-gaap_ProceedsFromSaleOfOtherInvestments 2,301,647us-gaap_ProceedsFromSaleOfOtherInvestments
Proceeds from sales of other assets 38,052us-gaap_ProceedsFromSaleOfOtherProductiveAssets 40,366us-gaap_ProceedsFromSaleOfOtherProductiveAssets 220,455us-gaap_ProceedsFromSaleOfOtherProductiveAssets
Payments to Acquire Additional Interest in Subsidiaries (515,275)us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries
Purchases of property, equipment and software (2,017,379)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,424,108)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (568,728)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposals of property 24,400us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 24,335us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 65,837us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash provided by investing activities (15,653,070)us-gaap_NetCashProvidedByUsedInInvestingActivities (8,553,070)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,480,645)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities      
Repurchases of common stock (1,055,765)us-gaap_PaymentsForRepurchaseOfCommonStock (4,262,260)us-gaap_PaymentsForRepurchaseOfCommonStock (3,975,532)us-gaap_PaymentsForRepurchaseOfCommonStock
Exercise of options 27,100us-gaap_ProceedsFromStockOptionsExercised 75,797us-gaap_ProceedsFromStockOptionsExercised 160,557us-gaap_ProceedsFromStockOptionsExercised
Distribution to noncontrolling interest (168,057)us-gaap_PaymentsOfDividendsMinorityInterest (36,900)us-gaap_PaymentsOfDividendsMinorityInterest (40,800)us-gaap_PaymentsOfDividendsMinorityInterest
Excess Tax Benefit from Share-based Compensation, Financing Activities 15,999us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 946,605us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 22,101us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividends paid (650,433)us-gaap_PaymentsOfDividends (657,914)us-gaap_PaymentsOfDividends (603,334)us-gaap_PaymentsOfDividends
Net cash used in financing activities (1,831,156)us-gaap_NetCashProvidedByUsedInFinancingActivities (3,934,672)us-gaap_NetCashProvidedByUsedInFinancingActivities (4,437,008)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (Decrease) Increase in Cash and Cash Equivalents (7,800,246)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,816,743us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,767,760us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents, Beginning of Period 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue 20,810,018us-gaap_CashAndCashEquivalentsAtCarryingValue 18,042,258us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents, End of Period 15,826,515us-gaap_CashAndCashEquivalentsAtCarryingValue 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue 20,810,018us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash Paid During the Year for:      
Income tax payments, net 2,744,100us-gaap_IncomeTaxesPaidNet 5,724,000us-gaap_IncomeTaxesPaidNet 4,479,000us-gaap_IncomeTaxesPaidNet
Non cash net unrealized gain on investments, net of deferred tax provision of $(805,779), $(1,288,951) and $(730,555) for 2014, 2013 and 2012, respectively (1,538,740)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax (2,474,873)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax (1,393,943)us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
Adjustments to postretirement benefits obligation, net of deferred tax provision of $16,021, $(26,252) and $28,192 for 2014, 2013 and 2012, respectively 31,100itic_AccumulatedPostretirementBenefitObligationAdjustment (50,961)itic_AccumulatedPostretirementBenefitObligationAdjustment 54,726itic_AccumulatedPostretirementBenefitObligationAdjustment
Non cash intangible assets acquired from purchase of subsidiary 0us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 0us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 (1,481,900)us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
Non cash contingent liability from purchase of subsidiary $ 0us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $ 0us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1 $ 691,250us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
v2.4.1.9
Consolidated Statements Of Cash Flows (Parenthetical) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statement of Cash Flows [Abstract]      
Non cash net unrealized gain on investments, deferred tax provision $ (805,779)itic_DeferredTaxProvisionRelatedToUnrealizedGainLossOnInvestments $ (1,288,951)itic_DeferredTaxProvisionRelatedToUnrealizedGainLossOnInvestments $ (730,555)itic_DeferredTaxProvisionRelatedToUnrealizedGainLossOnInvestments
Adjustments to postretirement benefits obligation, net of deferred tax benefit (provision) $ 16,021itic_AdjustmentsToPostretirementBenefitsObligationNetOfDeferredTaxBenefitProvision $ (26,252)itic_AdjustmentsToPostretirementBenefitsObligationNetOfDeferredTaxBenefitProvision $ 28,192itic_AdjustmentsToPostretirementBenefitsObligationNetOfDeferredTaxBenefitProvision
v2.4.1.9
Basis Of Presentation and Significant Accounting Policies
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis Of Presentation and Significant Accounting Policies
Basis of Presentation and Summary of Significant Accounting Policies    
Description of Business – Investors Title Company’s (the “Company”) primary business, and only reportable segment, is title insurance. The title insurance segment, through its two subsidiaries, Investors Title Insurance Company (“ITIC”) and National Investors Title Insurance Company (“NITIC”), is licensed to insure titles to residential, institutional, commercial and industrial properties. The Company issues title insurance policies primarily through approved attorneys from underwriting offices and through independent issuing agents in 22 states and the District of Columbia, primarily in the eastern half of the United States. The majority of the Company’s business is concentrated in Georgia, Michigan, North Carolina, South Carolina, Texas and Virginia.
Principles of Consolidation and Basis of Presentation – The accompanying Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”).   Earnings attributable to the redeemable noncontrolling interest are recorded on the Consolidated Statements of Income for majority-owned subsidiaries. The redeemable noncontrolling interest representing the portion of equity not related to the Company’s ownership interest is recorded as redeemable equity in a separate section of the Consolidated Balance Sheets.  All intercompany balances and transactions have been eliminated in consolidation.
Immaterial Classification Correction During the years ended December 31, 2013 and 2012, the Company realized $946,605 and $22,101, respectively, in excess tax benefits associated with the exercise of stock options and stock appreciation rights (“SARs”). Such amounts were mistakenly classified as part of operating activities rather than financing activities. Accordingly, the Consolidated Statements of Cash Flows have been corrected. The correction resulted in a decrease to previously reported operating cash flows and an increase to financing cash flows in the amount of $946,605 and $22,101 for the years ended December 31, 2013 and 2012, respectively. There was no impact to the Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Statements of Stockholders’ Equity or to the Company’s cash position.
Significant Accounting Policies – The significant accounting policies of the Company are summarized below.
Cash and Cash Equivalents
For the purpose of presentation in the Company’s Consolidated Statements of Cash Flows, cash equivalents are highly liquid instruments with remaining original maturities of three months or less. The carrying amount of cash and cash equivalents is a reasonable estimate of fair value due to the short-term maturity at purchase of these instruments.
Investments in Securities
Securities for which the Company has the intent and ability to hold to maturity are classified as held-to-maturity and reported at cost, adjusted for amortization of premiums or accretion of discounts, and other-than-temporary declines in fair value. Securities held principally for resale in the near term are classified as trading securities and recorded at fair values. Realized and unrealized gains and losses on trading securities are included in other income. Securities not classified as either trading or held-to-maturity are classified as available-for-sale and reported at fair value with unrealized gains and losses, net of tax and adjusted for other-than-temporary declines in fair value, reported as accumulated other comprehensive income. As of December 31, 2014 and 2013, all investments in securities are classified as available-for-sale. Securities are regularly reviewed for differences between the cost and estimated fair value of each security for factors that may indicate that a decline in fair value is other-than-temporary. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include the duration and extent to which the fair value has been less than cost and the Company’s ability and intent to retain the investment for a period of time sufficient to allow for a recovery in value. Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss. Fair values of the majority of investments are based on quoted market prices. Realized gains and losses are determined on the specific identification method.  Refer to Note 3 for further information regarding investments in securities and fair value.
Short-term Investments
Short-term investments are comprised of money market accounts which are invested in short-term funds, time deposits with banks and savings and loan associations, and other investments expected to have maturities or redemptions greater than three months and less than twelve months. The Company monitors any events or changes in circumstances that may have a significant adverse effect on the fair value of these investments.
Other Investments
Other investments consist primarily of investments in title insurance agencies structured as limited liability companies (“LLCs”), which are accounted for under the equity or cost methods of accounting. The aggregate cost of the Company’s cost method investments totaled $2,423,408 and $1,834,229 at December 31, 2014 and 2013, respectively. The Company monitors any events or changes in circumstances that may have had a significant adverse effect on the fair value of these investments and makes any necessary adjustments.
Property Acquired in Settlement of Claims
Property acquired in settlement of claims is held for sale and valued at the lower of cost or market. Adjustments to reported estimated realizable values and realized gains or losses on dispositions are recorded as increases or decreases in claim costs. Properties acquired in settlement of claims are included in prepaid expenses and other assets in the Consolidated Balance Sheets.
Property and Equipment
Property and equipment are recorded at cost and are depreciated principally under the straight-line method over the estimated useful lives (3 to 25 years) of the respective assets. Maintenance and repairs are charged to operating expenses and improvements are capitalized.
Reserves for Claims
Total reserves for all reported and unreported losses the Company incurred through December 31, 2014 is represented by the reserves for claims. The Company’s reserves for unpaid losses and loss adjustment expenses are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy incurred claims of policyholders which may be reported in the future. Despite the variability of such estimates, management believes that the reserves are adequate to cover claim losses resulting from pending and future claims for policies issued through December 31, 2014.  The Company continually reviews and adjusts its reserve estimates as necessary to reflect its loss experience and any new information that becomes available. Adjustments resulting from such reviews may be significant.
Claims and losses paid are charged to the reserves for claims. Although claims losses are typically paid in cash, occasionally claims are settled by purchasing the interest of the insured or the claimant in the real property. When this event occurs, the acquiring company carries assets at the lower of cost or estimated realizable value, net of any indebtedness on the property.
Income Taxes
The Company makes certain estimates and judgments in determining income tax expense (benefit) for financial statement purposes. These estimates and judgments occur in the calculation of certain tax assets and liabilities which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes. The Company provides for deferred income taxes (benefits) for the tax consequences in future years of temporary differences between the financial statements’ carrying values and the tax bases of assets and liabilities using currently enacted tax rates.  The Company establishes a valuation allowance if it believes that it is more likely than not that some or all of its deferred tax assets will not be realized.  Refer to Note 8 for further information regarding income taxes.
Premiums Written and Commissions to Agents
Generally, title insurance premiums are recognized at the time of closing of the related real estate transaction, as the earnings process is then considered complete. Policies or commitments are issued upon receipt of final certificates or preliminary reports with respect to titles. Title insurance commissions earned by the Company’s agents, taxes and a provision for claims losses are recognized as expenses concurrent with recognition of related premium revenue.
Allowance for Doubtful Accounts

Company management continually evaluates the collectability of receivables and provides an allowance for doubtful accounts equal to estimated losses expected to be incurred in the collection of premiums and fees receivable.  During the second quarter of 2014, the Company changed its presentation of gross premiums and fees receivable and related allowance for doubtful accounts and now reports them net of certain commitments not expected to result in issued title insurance policies.  The change had no impact to net premium and fees receivable, net premiums written, operating expenses or net income. Changes to the allowance for doubtful accounts are reflected within net premiums written in the Consolidated Statements of Income.  Amounts are charged off in the period they are deemed to be uncollectible.
Quarterly, the Company evaluates the collectability of receivables. Premiums not collected within 7 months are fully reserved. Write-offs of receivables have not been material to the Company.
Exchange Services Revenue
Fees are recognized at the signing of a binding agreement and investment earnings are recognized as they are earned. Exchange services revenues are included in other revenues in the Consolidated Statements of Income.
Fair Values of Financial Instruments
The carrying amounts reported in the Consolidated Balance Sheets for cash and cash equivalents, short-term investments, premium and fees receivable, accrued interest and dividends, accounts payable, commissions payable, reinsurance payable and current income taxes recoverable/payable approximate fair value due to the short-term nature of these assets and liabilities.  Fair values for the majority of investment securities are based on quoted market prices.  Auction rate securities (“ARS”) are valued using discounted cash flow models to determine the estimated fair value of these investments.  Some of the inputs for determining the fair value of ARS are unobservable in the securities markets and are significant.  Refer to Note 3 for further information regarding investments in securities and fair value.
Comprehensive Income
The Company’s accumulated other comprehensive income is comprised of unrealized holding gains/losses on available-for-sale securities, net of tax, and unrecognized prior service cost and unrealized gains/losses associated with postretirement benefit liabilities, net of tax.  Accumulated other comprehensive income as of December 31, 2014 consists of $12,934,497 of unrealized holding gains on available-for-sale securities and $77,988 of unrecognized prior service cost and unrecognized actuarial losses associated with postretirement benefit liabilities.  Accumulated other comprehensive income as of December 31, 2013 consists of $11,395,757 of unrealized holding gains on available-for-sale securities and $48,353 of unrecognized prior service cost and unrecognized actuarial losses associated with postretirement benefit liabilities. Accumulated other comprehensive income as of December 31, 2012 consists of $8,920,884 of unrealized holding gains on available-for-sale securities and $102,454 of unrecognized prior service cost and unrecognized actuarial losses associated with postretirement benefit liabilities.
Share-Based Compensation
The Company accounts for share-based compensation in accordance with the fair value based principles required by the Financial Accounting Standards Board (“FASB”).  Share-based compensation cost is generally measured at the grant date, based on the estimated fair value of the award, and is recognized as an expense over the employee’s requisite service period.
As the share-based compensation expense recognized in the Consolidated Statements of Income is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures.  Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates.
Other Intangible Assets
The Company’s other intangible assets consist of a non-compete agreement and referral relationships resulting from an agency acquisition and are recorded at the acquisition date fair value.  The referral relationships are amortized on a straight-line basis over the useful life and amortization of the non-compete contract will start at a future date when the related employment agreement is terminated.  Intangible assets are reviewed for impairment at least quarterly.
Subsequent Events
The Company has evaluated and concluded that there were no material subsequent events requiring adjustment or disclosure to its Consolidated Financial Statements.
Recently Issued Accounting Standards

In May 2014, the FASB updated guidance to improve the comparability of revenue recognition practices for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards such as insurance contracts or lease standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this update becomes effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but, does not expect it to have a material impact.
Use of Estimates and Assumptions
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period and accompanying notes. Actual results could differ materially from those estimates and assumptions used.  The more significant of these estimates and assumptions include the following:
Claims – The Company’s reserves for claims are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy incurred claims of policyholders which may be reported in the future (incurred but not reported,  or “IBNR”).  A provision for estimated future claims payments is recorded at the time policy revenue is recorded as a percentage of premium income. By their nature, title claims can often be complex, vary greatly in dollar amounts, vary in number due to economic and market conditions such as an increase in mortgage foreclosures, and involve uncertainties as to ultimate exposure. In addition, some claims may require a number of years to settle and determine the final liability for indemnity and loss adjustment expense. The payment experience may extend for more than 20 years after the issuance of a policy. Events such as fraud, defalcation and multiple property defects can substantially and unexpectedly cause increases in estimates of losses. Due to the length of time over which claim payments are made and regularly occurring changes in underlying economic and market conditions, these estimates are subject to variability.
Management considers factors such as the Company’s historical claims experience, case reserve estimates on reported claims, large claims, actuarial projections and other relevant factors in determining loss provision rates and the aggregate recorded expected liability for claims. In establishing reserves, actuarial projections are compared with recorded reserves to evaluate the adequacy of such recorded claims reserves and any necessary adjustments are then recorded in current operations. As the most recent claims experience develops and new information becomes available, the loss reserve estimate related to prior periods will change to more accurately reflect updated and improved emerging data. The Company reflects any adjustments to reserves in the results of operations in the period in which new information (principally claims experience) becomes available.
The Company’s reserves for claims are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy incurred claims of policyholders which have been incurred but not reported (“IBNR”).  During the third quarter of 2013 certain actuarial inputs were changed  to reflect recent trends. See Note 6 in the accompanying Consolidated Financial Statements for further information regarding this change in accounting estimate.
Premiums written – The Company’s premium revenues from certain agency operations include accruals based on estimates. These accruals estimate unreported agency premiums related to transactions which have settled as of the balance sheet date. Accruals for premiums from certain agencies are necessary because of the lag between policy effective dates and the reporting of these transactions to the Company by the agents. The current lag time used in the Company’s estimates typically ranges between 0 and 180 days after the policy effective date, with the majority of agencies reporting within 60 to 90 days. The lag time is reviewed periodically to monitor accruals.  To determine the estimated premiums, the Company uses historical experience, as well as other factors, to make certain assumptions about the average elapsed time between the policy effective date and the date the policies are reported.  From time to time, the Company adjusts the inputs to the calculation of these estimates as agents report transactions and information on more current trends becomes available.  The Company reflects any adjustments to the accruals in the results of operations in the period in which new information becomes available.
Impairments – Securities are regularly evaluated and reviewed for differences between the cost and estimated fair value of each security for factors that may indicate that a decline in fair value is other-than-temporary.  When, in the opinion of management, a decline in the fair value of an investment is considered to be other-than-temporary, such investment is written down to its fair value. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include the duration and extent to which the fair value has been less than cost; the probability that the Company will be unable to collect all amounts due under the contractual terms of the security; with respect to equity securities, whether the Company’s ability and intent to retain the investment for a period of time is sufficient to allow for a recovery in value; with respect to fixed maturity securities, whether the Company has the intent to sell or will more likely than not be required to sell a particular security before recovery in value; and the financial condition and prospects of the issuer (including credit ratings).  These factors are reviewed quarterly and any material degradation in the prospect for recovery will be considered in the other-than-temporary impairment analysis.  Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss.  The fair values of the majority of the Company’s investments are based on quoted market prices from independent pricing services.
v2.4.1.9
Statutory Restrictions on Consolidated Stockholders' Equity and Investments
12 Months Ended
Dec. 31, 2014
Statutory Restrictions on Consolidated Stockholders' Equity and Investments [Abstract]  
Statutory Restrictions on Consolidated Stockholders' Equity and Investments
Statutory Accounting and Restrictions on Consolidated Stockholders’ Equity and Investments
The Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States of America which differ in some respects from statutory accounting practices prescribed or permitted in the preparation of financial statements for submission to insurance regulatory authorities.
Combined capital and surplus on a statutory basis was $127,314,429 and $119,897,974 as of December 31, 2014 and 2013, respectively. Net income on a statutory basis was $9,737,634, $11,858,699 and $11,035,792 for the twelve months ended December 31, 2014, 2013 and 2012, respectively.
The Company has designated approximately $48,423,000 and $47,405,000 of retained earnings as of December 31, 2014 and 2013, respectively, as appropriated to reflect the required statutory premium and supplemental reserves.  See Note 8 for the tax treatment of the statutory premium reserve.
As of December 31, 2014 and 2013, approximately $90,384,000 and $83,311,000, respectively, of consolidated stockholders’ equity represents net assets of the Company’s subsidiaries that cannot be transferred in the form of dividends, loans or advances to the parent company under statutory regulations without prior insurance department approval. During 2015, the maximum distributions the insurance subsidiaries can make to the Company without prior approval from applicable regulators is approximately $9,937,000.
Bonds totaling approximately $7,060,000 and $7,022,000 at December 31, 2014 and 2013, respectively, are deposited with the insurance departments of the states in which business is conducted.
v2.4.1.9
Investments in Securities and Fair Value
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Investments In Securities and Fair Value
Investments in Securities and Fair Value
The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses, and amortized cost for securities by major security type at December 31 were as follows:
December 31, 2014
Amortized
Cost

Gross
Unrealized
Gains

Gross
Unrealized
Losses

Estimated
Fair
Value
Fixed maturities, available-for-sale, at fair value:







General obligations of U.S. states, territories and political subdivisions
$
35,215,247


$
1,527,794


$
19,542


$
36,723,499

Issuer obligations of U.S. states, territories and political subdivisions special revenue
46,707,033


2,405,725


55,502


49,057,256

Corporate debt securities
21,576,641


823,133


71,339


22,328,435

Auction rate securities
922,129


16,971




939,100

Total
$
104,421,050


$
4,773,623


$
146,383


$
109,048,290

Equity securities, available-for-sale, at fair value:











Common stocks and nonredeemable preferred stocks
$
24,128,753


$
15,225,459


$
99,231


$
39,254,981

Total
$
24,128,753


$
15,225,459


$
99,231


$
39,254,981

Short-term investments:











Money market funds and certificates of deposit
$
2,576,993


$


$


$
2,576,993

Total
$
2,576,993


$


$


$
2,576,993

December 31, 2013
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
Fixed maturities, available-for-sale, at fair value:
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
38,449,309

 
$
1,922,862

 
$
184,351

 
$
40,187,820

Issuer obligations of U.S. states, territories and political subdivisions special revenue
30,874,571

 
1,234,130

 
204,800

 
31,903,901

Corporate debt securities
17,736,608

 
789,840

 
108,456

 
18,417,992

Auction rate securities
919,672

 
16,028

 

 
935,700

Total
$
87,980,160

 
$
3,962,860

 
$
497,607

 
$
91,445,413

Equity securities, available-for sale, at fair value:
 
 
 
 
 
 
 
Common stocks and nonredeemable preferred stocks
$
22,200,369

 
$
14,052,780

 
$
109,084

 
$
36,144,065

Total
$
22,200,369

 
$
14,052,780

 
$
109,084

 
$
36,144,065

Short-term investments:
 

 
 

 
 

 
 

Money market funds and certificates of deposit
$
7,926,373

 
$

 
$

 
$
7,926,373

Total
$
7,926,373

 
$

 
$

 
$
7,926,373


The special revenue category for both periods presented includes over 30 individual bonds with revenue sources from a variety of industry sectors.
The scheduled maturities of fixed maturity securities at December 31, 2014 were as follows:
 
Available-for-Sale
 
Amortized
Cost
 
Fair
Value
Due in one year or less
$
13,682,264

 
$
13,844,384

Due after one year through five years
52,358,705

 
54,918,427

Due five years through ten years
36,385,776

 
37,703,640

Due after ten years
1,994,305

 
2,581,839

Total
$
104,421,050

 
$
109,048,290


Earnings on investments for the years ended December 31 were as follows:
 
2014
 
2013
 
2012
Fixed maturities
$
3,282,810

 
$
2,997,901

 
$
3,154,131

Equity securities
973,419

 
890,917

 
815,674

Invested cash and other short-term investments
3,202

 
5,754

 
10,576

Miscellaneous interest
70

 
36

 
30

Investment income
$
4,259,501

 
$
3,894,608

 
$
3,980,411


Gross realized gains and losses on sales of investments for the years ended December 31 are summarized as follows:
 
2014
 
2013
 
2012
Gross realized gains:
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$

 
$

 
$
250

Corporate debt securities
6,670

 

 
52,396

Common stocks and nonredeemable preferred stocks
1,021,463

 
369,673

 
450,461

Auction rate securities

 

 
211,061

Total
1,028,133

 
369,673

 
714,168

Gross realized losses:
 
 
 
 
 
Common stocks and nonredeemable preferred stocks
(509,854
)
 
(180,169
)
 
(91,975
)
Other than temporary impairment of securities
(14,542
)
 

 
(93,436
)
Total
(524,396
)
 
(180,169
)
 
(185,411
)
Net realized gain
$
503,737

 
$
189,504

 
$
528,757

Net realized (loss) gain on other investments:
 
 
 
 
 
Impairments of other assets and investments
$
(10,062
)
 
$
(34,070
)
 
$
(6,504
)
Net gain on other assets and investments
45,288

 
48,946

 
543,986

Net loss on other assets and investments
(270,669
)
 
(8,580
)
 

Total
$
(235,443
)
 
$
6,296

 
$
537,482

Net realized gain on investments
$
268,294

 
$
195,800

 
$
1,066,239


Realized gains and losses are determined on the specific identification method. 
The following table presents the gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at December 31, 2014 and 2013:
 
Less than 12 Months
 
12 Months or Longer
 
Total
December 31, 2014
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
General obligations of U.S. states, territories and political subdivisions
$
2,113,194

 
$
(19,542
)
 
$

 
$

 
$
2,113,194

 
$
(19,542
)
Issuer obligations of U.S. states, territories and political subdivisions special revenue
3,946,977

 
(13,453
)
 
1,182,390

 
(42,049
)
 
5,129,367

 
(55,502
)
Corporate debt securities
6,924,430

 
(71,339
)
 

 

 
6,924,430

 
(71,339
)
Total fixed maturity securities
$
12,984,601

 
$
(104,334
)
 
$
1,182,390

 
$
(42,049
)
 
$
14,166,991

 
$
(146,383
)
Equity securities
930,208

 
(71,669
)
 
141,280

 
(27,562
)
 
1,071,488

 
(99,231
)
Total temporarily impaired securities
$
13,914,809

 
$
(176,003
)
 
$
1,323,670

 
$
(69,611
)
 
$
15,238,479

 
$
(245,614
)
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
4,198,012

 
$
(184,351
)
 
$

 
$

 
$
4,198,012

 
$
(184,351
)
Issuer obligations of U.S. states, territories and political subdivisions special revenue
11,010,093

 
(204,800
)
 

 

 
11,010,093

 
(204,800
)
Corporate debt securities
5,942,570

 
(108,456
)
 

 

 
5,942,570

 
(108,456
)
Total fixed maturity securities
$
21,150,675

 
$
(497,607
)
 
$

 
$

 
$
21,150,675

 
$
(497,607
)
Equity securities
2,035,971

 
(72,998
)
 
244,929

 
(36,086
)
 
2,280,900

 
(109,084
)
Total temporarily impaired securities
$
23,186,646

 
$
(570,605
)
 
$
244,929

 
$
(36,086
)
 
$
23,431,575

 
$
(606,691
)

As of December 31, 2014, the Company held $14,166,991 in fixed maturity securities with unrealized losses of $146,383.  As of December 31, 2013, the Company held $21,150,675 in fixed maturity securities with unrealized losses of $497,607.  The decline in fair value of the fixed maturity securities can be attributed primarily to changes in market interest rates and changes in credit spreads over Treasury securities.  Because the Company does not have the intent to sell these securities and likely will not be compelled to sell them before it can recover its cost basis, the Company does not consider these investments to be other-than-temporarily impaired.
As of December 31, 2014, the Company held $1,071,488 in equity securities with unrealized losses of $99,231.  As of December 31, 2013, the Company held $2,280,900 in equity securities with unrealized losses of $109,084.  The unrealized losses related to holdings of equity securities were caused by market changes that the Company considers to be temporary.  Since the Company has the intent and ability to hold these equity income securities until a recovery of fair value, the Company does not consider these investments other-than-temporarily impaired.
Factors considered in determining whether a loss is temporary include the length of time and extent to which fair value has been below cost, the financial condition and prospects of the issuer (including credit ratings and analyst reports) and macro-economic changes.  A total of 25 and 26 securities had unrealized losses at December 31, 2014 and December 31, 2013, respectively.  Reviews of the values of securities are inherently uncertain and the value of the investment may not fully recover, or may decline in future periods resulting in a realized loss.  During 2014, the Company recorded other-than-temporary impairment charges in the amount of $14,542 related to securities. During 2013, the Company did not record any other-than-temporary impairment charges related to securities.  During 2012, the Company recorded other-than-temporary impairment charges in the amount of $93,436 related to securities. Other-than-temporary impairment charges are included in net realized gain on investments in the Consolidated Statements of Income.
Valuation of Financial Assets and Liabilities  
The FASB has established a valuation hierarchy for disclosure of the inputs used to measure fair value of financial assets and liabilities, such as securities. This hierarchy categorizes the inputs into three broad levels as follows.  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.  Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.  Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value.
A financial instrument’s classification within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement—consequently, if there are multiple significant valuation inputs that are categorized in different levels of the hierarchy, the instrument’s hierarchy level is the lowest level (with Level 3 being the lowest level) within which any significant input falls.
Debt and Equity Securities
The Level 1 category includes equity securities that are measured at fair value using quoted active market prices.

The Level 2 category includes fixed maturity investments such as corporate bonds, U.S. government and agency bonds and municipal bonds.  Fair value is principally based on market values obtained from a third party pricing service.  Factors that are used in determining fair market value include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data.  The Company receives one quote per security from a third party pricing service, although as discussed below, the Company does consult other pricing resources when confirming that the prices it obtains reflect the fair values of the instruments in accordance with Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures.  Generally, quotes obtained from the pricing service for instruments classified as Level 2 are not adjusted and are not binding.  As of December 31, 2014 and December 31, 2013, the Company did not adjust any Level 2 fair values.

A number of the Company’s investment grade corporate bonds are frequently traded in active markets, and trading prices are consequently available for these securities.  However, these securities are classified as Level 2 because the pricing service from which the Company has obtained fair values for these instruments uses valuation models which use observable market inputs in addition to trading prices.  Substantially all of the input assumptions used in the service’s model are observable in the marketplace or can be derived or supported by observable market data.

The Level 3 category only includes the Company’s investments in student loan auction rate securities (“ARS”) because quoted prices are unavailable due to the failure of auctions.  The Company’s ARS portfolio is comprised entirely of investment grade student loan ARS. The par value of these securities was $1,000,000 as of December 31, 2014 and December 31, 2013,  with approximately 97.0% as of December 31, 2014 and December 31, 2013, guaranteed by the U.S. Department of Education.

Some of the inputs to ARS valuation are unobservable in the market and are significant; therefore, the Company utilizes another third party pricing service to assist in the determination of the fair market value of these securities.  This service uses a proprietary valuation model that considers factors such as the following: the financial standing of the issuer; reported prices and the extent of public trading in similar financial instruments of the issuer or comparable companies; the ability of the issuer to obtain required financing; changes in the economic conditions affecting the issuer; pricing by other dealers in similar securities; time to maturity; and interest rates.  The following table summarizes key assumptions the service used to determine fair value as of December 31, 2014 and 2013:
 
2014
 
2013
Cumulative probability of earning maximum rate until maturity
—%
 
—%
Cumulative probability of principle returned prior to maturity
95.2%
 
95.6%
Cumulative probability of default at some future point
4.8%
 
4.4%

Significant increases or decreases in any of the inputs in isolation could result in significant changes to the fair value measurement. Generally, increases in default probabilities and liquidity risk premiums lower the fair market value while increases in principal being returned and earning maximum rates increase fair market values.
Based upon these inputs and assumptions, the pricing service provides a range of values to the Company for its ARS.  The Company records the fair value based on the midpoint of the range and believes that this valuation is the most reasonable estimate of fair value.  In 2014 and 2013, the difference in the low and high values of the ranges was approximately one and four percent of the carrying value of the Company’s ARS.
The following table presents, by level, the financial assets carried at fair value measured on a recurring basis as of December 31, 2014 and 2013.  The table does not include cash on hand and also does not include assets which are measured at historical cost or any basis other than fair value.  Level 3 assets are comprised solely of ARS.
As of December 31, 2014
Level 1
 
Level 2
 
Level 3
 
Total
Short-term investments
$
2,576,993

 
$

 
$

 
$
2,576,993

Equity securities:
 
 
 
 
 
 
 
Common stocks and nonredeemable preferred stock
39,254,981

 

 

 
39,254,981

Fixed maturities:
 
 
 
 
 
 
 
Obligations of U.S. states, territories and political subdivisions*

 
85,780,755

 

 
85,780,755

Corporate debt securities*

 
22,328,435

 
939,100

 
23,267,535

Total
$
41,831,974

 
$
108,109,190

 
$
939,100

 
$
150,880,264

As of December 31, 2013
Level 1
 
Level 2
 
Level 3
 
Total
Short-term investments
$
7,926,373

 
$

 
$

 
$
7,926,373

Equity securities:
 
 
 
 
 
 
 
Common stocks and nonredeemable preferred stock
36,144,065

 

 

 
36,144,065

Fixed maturities:
 
 
 
 
 
 
 
Obligations of U.S. states, territories and political subdivisions*

 
72,091,721

 

 
72,091,721

Corporate debt securities*

 
18,417,992

 
935,700

 
19,353,692

Total
$
44,070,438

 
$
90,509,713

 
$
935,700

 
$
135,515,851

*Denotes fair market value obtained from pricing services.
There were no transfers into or out of Levels 1 and 2 during the period.
To help ensure that fair value determinations are consistent with FASB ASC 820, prices from our pricing services go through multiple review processes to ensure appropriate pricing.  Pricing procedures and inputs used to price each security include, but are not limited to, the following: unadjusted quoted market prices for identical securities such as stock market closing prices; non-binding quoted prices for identical securities in markets that are not active; interest rates; yield curves observable at commonly quoted intervals; volatility; prepayment speeds; loss severity; credit risks and default rates.  The Company reviews the procedures and inputs used by its pricing services and verifies a sample of the services’ quotes by comparing them to respective values obtained from other pricing resources.  In the event the Company disagrees with a price provided by its pricing services, the respective service reevaluates the price to corroborate the market information and then reviews inputs to the evaluation in light of potentially new market data.  The Company believes that these processes and inputs result in appropriate classifications and fair values consistent with ASC 820.
Other Financial Instruments
The Company uses various financial instruments in the normal course of its business. In the measurement of the fair value of certain financial instruments, other valuation techniques were utilized if quoted market prices were not available. These derived fair value estimates are significantly affected by the assumptions used. Additionally, ASC 820 excludes from its scope certain financial instruments including those related to insurance contracts, pension and other postretirement benefits, and equity method investments.
In estimating the fair value of the financial instruments presented, the Company used the following methods and assumptions:
Cash and cash equivalents
The carrying amount for cash and cash equivalents is a reasonable estimate of fair value due to the short-term maturity of these investments.
Cost-basis investments
The estimated fair value of cost-basis investments is calculated from the book value of the underlying entities, which is not materially different from the fair value of the underlying entity. These items are included in other investments in the Consolidated Balance Sheets.
Accrued dividends and interest
The carrying amount for accrued dividends and interest is a reasonable estimate of fair value due to the short-term maturity of these assets.
Contingent consideration
The fair value of the contingent consideration was estimated based on the discounted value of the future cash flows.  Contingent consideration consists of additional monies the Company may become obligated to pay based on the future performance of a business the Company acquired, as discussed in Note 17. This item is included in accounts payable and accrued liabilities in the Consolidated Balance Sheets.
The carrying amounts and fair values of these financial instruments (please note investments are disclosed in a previous table) as of December 31, 2014 and 2013 are presented in the following table:
As of December 31, 2014
 
 
 
 
 
 
 
 
 
Financial Assets
Carrying Value
 
Estimated Fair
Value
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
$
15,826,515

 
$
15,826,515

 
$
15,826,515

 
$

 
$

Cost-basis investments
2,516,608

 
2,675,817

 

 

 
2,675,817

Accrued dividends and interest
1,063,837

 
1,063,837

 
1,063,837

 

 

Total
$
19,406,960

 
$
19,566,169

 
$
16,890,352

 
$

 
$
2,675,817

As of December 31, 2013
 
 
 
 
 
 
 
 
 
Financial Assets
Carrying Value
 
Estimated Fair
Value
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
$
23,626,761

 
$
23,626,761

 
$
23,626,761

 
$

 
$

Cost-basis investments
1,927,429

 
2,069,302

 

 

 
2,069,302

Accrued dividends and interest
1,006,698

 
1,006,698

 
1,006,698

 

 

Total
$
26,560,888

 
$
26,702,761

 
$
24,633,459

 
$

 
$
2,069,302

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Contingent consideration
$
341,250

 
$
341,250

 
$

 
$

 
$
341,250

Total
$
341,250

 
$
341,250

 
$

 
$

 
$
341,250


The following table presents a reconciliation of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3), which are all ARS securities, for the twelve months ended December 31, 2014 and 2013:
Changes in fair value during the year ended December 31:
2014
 
2013
Beginning balance at January 1
$
935,700

 
$
932,200

Redemptions and sales

 

Realized gain – included in net realized gain on investments

 

Realized loss – included in net realized gain on investments

 

Unrealized gain - included in other comprehensive income
3,400

 
3,500

Ending balance at December 31
$
939,100

 
$
935,700


The following table presents a reconciliation of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), consisting solely of contingent acquisition consideration, for the twelve months ended December 31, 2014 and 2013:
Changes in fair value during the period ended:
2014
 
2013
Beginning balance at January 1
$
341,250

 
$
691,250

Addition of contingent consideration

 

Payment for contingent consideration
(341,250
)
 
(350,000
)
Ending balance, net
$

 
$
341,250


Certain cost-basis investments are measured at estimated fair value on a non-recurring basis, such as investments that are determined to be other-than temporarily impaired during the period and recorded at estimated fair value in the Consolidated Financial Statements as of December 31, 2014 and 2013.  The following table summarizes the corresponding estimated fair value hierarchy of such investments at December 31, 2014 and 2013 and the related impairments recognized:
December 31, 2014
Valuation
Method
 
Impaired
 
Level 1
 
Level 2
 
Level 3
 
Total at
Estimated
Fair
Value
 
Impairment
Losses
Cost-basis investments
Fair Value
 
Yes
 
$

 
$

 
$
22,682

 
$
22,682

 
$
(10,062
)
Total cost-basis investments and other assets
 
 
 
 
$

 
$

 
$
22,682

 
$
22,682

 
$
(10,062
)
December 31, 2013
Valuation
Method
 
Impaired
 
Level 1
 
Level 2
 
Level 3
 
Total at
Estimated
Fair
Value
 
Impairment
Losses
Cost-basis investments
Fair Value
 
Yes
 
$

 
$

 
$
32,744

 
$
32,744

 
$
(34,070
)
Total cost-basis investments and other assets
 
 
 
 
$

 
$

 
$
32,744

 
$
32,744

 
$
(34,070
)
v2.4.1.9
Property and Equipment
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
Property and equipment and estimated useful lives at December 31 are summarized as follows:
 
2014
 
2013
Land
$
1,107,582

 
$
1,107,582

Office buildings and improvements (25 years)
3,416,096

 
3,365,699

Furniture, fixtures and equipment (3 to 10 years)
7,159,250

 
6,201,618

Automobiles (3 years)
847,905

 
855,018

Total
12,530,833

 
11,529,917

Less accumulated depreciation
(7,070,028
)
 
(7,204,379
)
Property and equipment, net
$
5,460,805

 
$
4,325,538


Included within furniture, fixtures and equipment is software developed by the Company for internal use. Capitalized costs include both direct and indirect costs, such as payroll costs of employees associated with developing software, incurred during the software development stage.
v2.4.1.9
Reinsurance
12 Months Ended
Dec. 31, 2014
Reinsurance Disclosures [Abstract]  
Reinsurance
Reinsurance
The Company assumes and cedes reinsurance with other insurance companies in the normal course of business.  Premiums assumed and ceded were approximately $38,000 and $140,000, respectively, for 2014, $6,000 and $211,000, respectively, for 2013 and $16,000 and $233,000, respectively, for 2012. Ceded reinsurance is comprised of excess of loss treaties, which outline the conditions in which the reinsurance company will pay claims and protect against losses over certain agreed amounts. The Company remains liable to the insured for claims under ceded insurance policies in the event that the assuming insurance companies are unable to meet their obligations under these contracts.  The Company has not paid or recovered any reinsured losses during the three years ended December 31, 2014.
v2.4.1.9
Reserves for Claims
12 Months Ended
Dec. 31, 2014
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]  
Reserves for Claims
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:
 
2014
 
2013
 
2012
Balance, beginning of period
$
35,360,000

 
$
39,078,000

 
$
37,996,000

Provisions related to:
 
 
 
 
 
Current year
6,860,335

 
7,239,628

 
7,650,959

Prior year
(1,630,619
)
 
(7,811,224
)
 
(1,578,844
)
Total provision charged to operations
5,229,716

 
(571,596
)
 
6,072,115

Claims paid, net of recoveries, related to:
 
 
 
 
 
Current year
(102,947
)
 
(110,240
)
 
(76,288
)
Prior year
(3,809,769
)
 
(3,036,164
)
 
(4,913,827
)
Total claims paid, net of recoveries
(3,912,716
)
 
(3,146,404
)
 
(4,990,115
)
Balance, end of year
$
36,677,000

 
$
35,360,000

 
$
39,078,000



The Company continually refines its reserve estimates as current loss experience develops and credible data emerges.  Movements in the reserves related to prior periods were primarily the result of changes to estimates to better reflect the latest reported loss data.  The 2014 calendar year change in the provision relating to prior years resulted mostly from changes to certain actuarial inputs and favorable development in 2014 versus the prior year related primarily to policy years 2009 through 2013.  Due to variances between actual and expected loss payments, loss development is subject to significant variability.
The Company does not recognize claim recoveries until an actual payment has been received by the Company.   The Company realized claim recoveries of approximately $790,000, $1,165,000 and $1,324,000 during 2014, 2013 and 2012, respectively.
The provision for claims as a percentage of net premiums written was 4.8%, (0.5)% and 5.9% in 2014, 2013 and 2012, respectively.
A large claim is defined as a claim with incurred losses exceeding $250,000.  Due to the small volume of large claims, the long-tail nature of title insurance claims and the inherent uncertainty in loss emergence patterns, large claim activity can vary significantly between policy years.  The estimated development of large claims by policy year is therefore subject to significant changes as experience develops.

During 2013 certain actuarial inputs were changed to reflect recent trends. The Company considers these modifications in actuarial inputs to be a change in estimate. The Company believes that these changes in actuarial inputs were necessary in response to favorable reserve development and claims experience incurred in several recent reporting periods.  The approximate impact of this change in estimate for the year ended December 31, 2013 was a reduction of $2,200,000 to the reserves for claims in the Consolidated Balance Sheets, and in the Consolidated Statements of Income a decrease of $2,200,000 to the provision for claims, an increase of $750,000 in the provision for income taxes and an increase of $1,450,000 in net income, or $0.71 per basic share and $0.70 per diluted share, compared with the amounts that would have been recorded under the Company’s prior estimate. This change in estimate, coupled with several recent policy years which continued to emerge favorably in comparison with prior expectations, contributed to a benefit in the claims provision for the 2013 year. The change in estimate was primarily driven by the following:

Changing the specific weightings used in performing certain actuarial methods, including weighting between policy years and weighting of title industry loss data; 
Adjusting for premium rate changes and the Company’s improved underwriting efforts related to construction business; and
Increasing the ratios used to estimate projected payments of unallocated loss adjustment expenses to more accurately reflect expected payments.

A summary of the Company’s loss reserves, broken down into its components of known title claims and IBNR, follows:
 
2014
 
%
 
2013
 
%
Known title claims
$
5,364,645

 
14.6
 
$
4,670,809

 
13.2
IBNR
31,312,355

 
85.4
 
30,689,191

 
86.8
Total loss reserves
$
36,677,000

 
100.0
 
$
35,360,000

 
100.0


In management’s opinion, the reserves are adequate to cover claim losses which might result from pending and future claims.
v2.4.1.9
Earnings Per Common Share and Share Awards
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share and Share Awards
Earnings Per Common Share and Share Awards

Basic earnings per common share is computed by dividing net income attributable to the Company by the weighted average number of common shares outstanding during the reporting period.  Diluted earnings per common share is computed by dividing net income attributable to the Company by the combination of dilutive potential common stock, comprised of shares issuable under the Company’s share-based compensation plans and the weighted average number of common shares outstanding during the reporting period.  Dilutive common share equivalents include the dilutive effect of in-the-money share-based awards, which are calculated based on the average share price for each period using the treasury stock method.  Under the treasury stock method, when share-based awards are exercised, (a) the exercise price of a share-based award; (b) the amount of compensation cost, if any, for future service that the Company has not yet recognized; and (c) the amount of estimated tax benefits that would be recorded in additional paid-in capital, if any, are assumed to be used to repurchase shares in the current period.  The incremental dilutive potential common shares, calculated using the treasury stock method, were 5,774, 20,459 and 35,090 for 2014, 2013 and 2012, respectively.

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31:
For the Years Ended December 31,
2014
 
2013
 
2012
Net income attributable to the Company
$
9,648,975

 
$
14,708,210

 
$
11,102,496

Weighted average common shares outstanding – Basic
2,031,760

 
2,056,169

 
2,081,703

Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled)
5,774

 
20,459

 
35,090

Weighted average common shares outstanding – Diluted
2,037,534

 
2,076,628

 
2,116,793

Basic earnings per common share
$
4.75

 
$
7.15

 
$
5.33

Diluted earnings per common share
$
4.74

 
$
7.08

 
$
5.24



There were no potential shares excluded from the computation of diluted earnings per share in 2014, 2013 and 2012.
 
The Company has adopted employee stock award plans under which restricted stock, and options or stock appreciation rights (“SARs”) to acquire shares (not to exceed 500,000 shares) of the Company’s stock, may be granted to key employees or directors of the Company at a price not less than the market value on the date of grant.  SARs and options (which have predominantly been incentive stock options) awarded under the plans thus far generally expire in five to ten years and are exercisable and vest (1) immediately; (2) within one year; or (3) at 10% to 20% per year beginning on the date of grant.  All SARs issued to date have been share-settled only.
A summary of share-based award transactions for all share-based award plans follows:
 
Number
Of Shares
 
Weighted
Average
Exercise
Price
 
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of January 1, 2012
101,600

 
$
29.81

 
3.91
 
$
697,780

SARs granted
3,000

 
50.50

 
 
 
 

Options exercised
(6,380
)
 
25.17

 
 
 
 

Options/SARs canceled/forfeited/expired
(70
)
 
31.00

 
 
 
 

Outstanding as of December 31, 2012
98,150

 
$
30.74

 
3.17
 
$
2,871,710

SARs granted
3,000

 
71.59

 
 
 
 

SARs exercised
(79,500
)
 
28.77

 
 
 
 
Options exercised
(2,650
)
 
28.63

 
 
 
 

Options/SARs canceled/forfeited/expired

 

 
 
 
 

Outstanding as of December 31, 2013
19,000

 
$
45.74

 
3.43
 
$
669,610

SARs granted
4,500

 
68.70

 
 
 
 

SARs exercised
(1,500
)
 
49.04

 
 
 
 

Options exercised
(1,000
)
 
27.21

 
 
 
 

Options/SARs canceled/forfeited/expired

 

 
 
 
 

Outstanding as of December 31, 2014
21,000

 
$
51.30

 
3.64
 
$
453,510

 
 
 
 
 
 
 
 
Exercisable as of December 31, 2014
19,875

 
$
50.32

 
3.49
 
$
448,785

 
 
 
 
 
 
 
 
Unvested as of December 31, 2014
1,125

 
$
68.70

 
6.39
 
$
4,725


The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock at December 31, 2014.  The intrinsic values of options exercised during 2014, 2013 and 2012 were approximately $82,000, $3,486,000 and $153,000, respectively.
The following tables summarize information about fixed stock options outstanding at December 31, 2014:
 
 
 
 
 
 
Options Outstanding at Year-End
 
Options Exercisable at Year-End
Range of Exercise Prices
 
Number
Outstanding
 
Weighted
Average
Remaining
Contractual Life
 
Weighted
Average
Exercise
Price
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
$
36.79

 
 
$
36.79

 
1,500

 
0.38
 
$
36.79

 
1,500

 
$
36.79

$
36.79

 
 
$
36.79

 
1,500

 
0.38
 
$
36.79

 
1,500

 
$
36.79

 
 
 
 
 
 
SARs Outstanding at Year-End
 
SARs Exercisable at Year-End
Range of Exercise Prices
 
Number
Outstanding
 
Weighted
Average
Remaining
Contractual Life
 
Weighted
Average
Exercise
Price
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
$
32.00

 
 
$
33.30

 
2,000

 
1.39
 
$
32.00

 
2,000

 
$
32.00

33.31

 
 
41.49

 
2,500

 
2.38
 
33.31

 
2,500

 
33.31

41.50

 
 
71.59

 
15,000

 
4.48
 
58.33

 
13,875

 
57.49

$
32.00

 
 
$
71.59

 
19,500

 
3.89
 
$
52.42

 
18,375

 
$
51.43


In 2014, 4,125 options and SARs vested with a fair value of $118,462.

During the second quarters of 2014, 2013 and 2012, the Company issued share-settled SARs to the directors of the Company.  SARs give the holder the right to receive stock equal to the appreciation in the value of shares of stock from the grant date for a specified period of time, and as a result, are accounted for as equity instruments.  The fair value of each award is estimated on the date of grant using the Black-Scholes option valuation model with the weighted average assumptions noted in the table shown below. Expected volatilities are based on both the implied and historical volatility of the Company’s stock. The Company uses historical data to project SAR exercises and pre-exercise forfeitures within the valuation model. The expected term of awards represents the period of time that SARs granted are expected to be outstanding. The interest rate assumed for the expected life of the award is based on the U.S. Treasury yield curve in effect at the time of the grant.  The weighted average fair values for the SARs issued during 2014, 2013 and 2012 were $28.98, $27.55 and $18.84, respectively, and were estimated using the weighted average assumptions shown in the table below.
 
2014
 
2013
 
2012
Expected Life in Years
6.9
 
5.0
 
5.0
Volatility
39.9%
 
44.6%
 
44.6%
Interest Rate
2.1%
 
1.3%
 
0.8%
Yield Rate
0.4%
 
0.5%
 
0.6%


There was approximately $121,000, $84,000 and $75,000 of compensation expense relating to SARs or options vesting on or before December 31, 2014, 2013 and 2012, respectively, included in salaries, employee benefits and payroll taxes in the Consolidated Statements of Income.  As of December 31, 2014, there was approximately $33,000 of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under the Company’s stock award plans. That cost is expected to be recognized over a weighted average period of approximately 3 months.

The estimated weighted average grant-date fair value of SARs granted for the years ended December 31 was as follows:
For the Years Ended December 31,
2014
 
2013
 
2012
Exercise price equal to market price on date of grant:
 
 
 
 
 
Weighted average market price
$
68.70

 
$
71.59

 
$
50.50

Weighted average grant-date fair value
$
28.98

 
$
27.55

 
$
18.84



There have been no stock options or SARs granted where the exercise price was less than the market price on the date of grant.
v2.4.1.9
Income Taxes
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The components of income tax expense for the years ended December 31 are summarized as follows:
For the Years Ended December 31,
2014
 
2013
 
2012
Current:
 
 
 
 
 
Federal
$
3,121,000

 
$
4,873,000

 
$
5,018,000

State
84,000

 
69,000

 
163,000

Total current
3,205,000

 
4,942,000

 
5,181,000

Deferred:
 
 
 
 
 
Federal
620,156

 
1,805,215

 
(305,525
)
State
(9,156
)
 
(1,215
)
 
13,525

Total deferred
611,000

 
1,804,000

 
(292,000
)
Total
$
3,816,000

 
$
6,746,000

 
$
4,889,000


For state income tax purposes, ITIC and NITIC generally pay only a gross premium tax found in premium and retaliatory taxes in the Consolidated Statements of Income.
At December 31, the approximate tax effect of each component of deferred income tax assets and liabilities is summarized as follows:
For the Years Ended December 31,
2014
 
2013
Deferred income tax assets:
 
 
 
Accrued benefits and retirement services
$
3,061,144

 
$
3,074,164

Allowance for doubtful accounts
1,033,624

 
883,426

Other-than-temporary impairment of assets
323,089

 
319,962

Excess of book over tax depreciation
90,409

 
171,504

Postretirement benefit obligation
40,183

 
24,914

Reinsurance and commission payable
15,668

 
21,953

Net operating loss carryforward
25,000

 
5,000

Other
305,119

 
256,309

Total
4,894,236

 
4,757,232

Deferred income tax liabilities:
 
 
 
Net unrealized gain on investments
6,781,994

 
5,976,215

Recorded reserves for claims, net of statutory premium reserves
2,871,114

 
2,467,798

Other
656,621

 
327,202

Total
10,309,729

 
8,771,215

Net deferred income tax liabilities
$
(5,415,493
)
 
$
(4,013,983
)

At December 31, 2014 and 2013, no valuation allowance was recorded. Based upon the Company’s historical results of operations, the existing financial condition of the Company and management’s assessment of all other available information, management believes that it is more likely than not that the benefit of these deferred income tax assets will be realized.
A reconciliation of income tax as computed for the years ended December 31 at the U.S. federal statutory income tax rate of 34.3% for 2014, 34.1% for 2013 and 34.0% for 2012, respectively, to income tax expense follows:
For the Years Ended December 31,
2014
 
2013
 
2012
Anticipated income tax expense
$
4,626,555

 
$
7,346,074

 
$
5,467,168

Increase (decrease) related to:
 
 
 
 
 
State income taxes, net of federal income tax benefit
55,188

 
45,471

 
107,580

Tax-exempt interest income (net of amortization)
(876,365
)
 
(772,545
)
 
(757,005
)
Other, net
10,622

 
127,000

 
71,257

Provision for income taxes
$
3,816,000

 
$
6,746,000

 
$
4,889,000


In accounting for uncertainty in income taxes, the Company is required to recognize in its financial statements the impact of a tax position if that position is more likely than not of being sustained on an audit, based on the technical merits of the position.  In this regard, an uncertain tax position represents the Company’s expected treatment of a tax position taken in a filed tax return, or planned to be taken in a future tax return, that has not been reflected in measuring income tax expense for financial reporting purposes.  There were no unrecognized tax benefits or liabilities as of December 31, 2014.
The amount of unrecognized tax benefit or liability may increase or decrease in the future for various reasons, including adding amounts for current tax year positions, expiration of open income tax returns due to the expiration of the applicable statute of limitations, changes in management’s judgment about the level of uncertainty, status of examinations, litigation and legislative activity and the additions or eliminations of uncertain tax positions.
The Company’s policy is to report interest and penalties related to income taxes in the other line item in the Consolidated Statements of Income.
The Company, or one of its subsidiaries, files income tax returns in the U.S. federal jurisdiction and various states.  With few exceptions, the Company is no longer subject to U.S. federal or state and local examinations by taxing authorities for years before 2011.
v2.4.1.9
Leases
12 Months Ended
Dec. 31, 2014
Leases [Abstract]  
Leases
Leases
The Company leases certain office facilities and equipment under operating leases. Rental expense also includes occasional rental of automobiles. Rent expense totaled approximately $766,000, $699,000, and $692,000 in 2014, 2013 and 2012, respectively. The future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of December 31, 2014, are summarized as follows:
Year Ended:
 
2015
$
625,263

2016
455,145

2017
274,356

2018
128,808

2019
13,886

Thereafter

Total
$
1,497,458

v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Retirement Agreements and Other Postretirement Benefit Plan
Retirement Agreements and Other Postretirement Benefit Plan
The Company has a 401(k) savings plan.  In order to participate, individuals must be employed for one full year and work at least 1,000 hours annually.  The Company makes a 3% Safe Harbor contribution and also has the option annually to make a discretionary profit share contribution.  Individuals may elect to make contributions up to the maximum deductible amount as determined by the Internal Revenue Code.  Expenses related to the 401(k) plan were approximately $676,000, $579,000 and $518,000 for 2014, 2013 and 2012, respectively.
In November 2003, ITIC, a wholly owned subsidiary of the Company, entered into employment agreements with the Chief Executive Officer, Chief Financial Officer and Chief Operating Officer of ITIC. These individuals also serve as the Chairman, President and Executive Vice President, respectively, of the Company.  The agreements provide compensation and life, health, dental and vision benefits upon the occurrence of specific events, including death, disability, retirement, termination without cause or upon a change in control. The employment agreements also prohibit each of these executives from competing with ITIC and its parent, subsidiaries and affiliates in the State of North Carolina while employed by ITIC and for a period of two years following termination of their employment.  
In addition, during the second quarter of 2004, ITIC entered into nonqualified deferred compensation plan agreements with these executives.  The amount accrued for all agreements at December 31, 2014 and 2013 was approximately $7,111,000 and $6,580,000, respectively, which includes postretirement compensation and health benefits, and was calculated based on the terms of the contract.  Both the 2014 and 2013 accruals are included in the accounts payable and accrued liabilities line item of the Consolidated Balance Sheets.  These executive contracts are accounted for on an individual contract basis.  On December 24, 2008, the executive contracts were amended effective January 1, 2009 to bring them into compliance with Section 409A of the Internal Revenue Code, and were amended and restated to provide for an annual cash payment to the officers equal to the amounts the Company would have contributed to their accounts under its 401(k) plan if such contributions were not limited by the federal tax laws, less the amount of any contributions that the Company actually makes to their accounts under the Company’s 401(k) plan.   
On November 17, 2003, ITIC entered into employment agreements with key executives that provide for the continuation of certain employee benefits upon retirement.  The executive employee benefits include health insurance, dental insurance, vision insurance and life insurance.   The benefits are unfunded.  Estimated future benefit payouts expected to be paid for each of the next five years are $4,478 in 2015, $4,885 in 2016, $9,056 in 2017, $13,962 in 2018, $15,577 in 2019 and $147,312 in the next five years thereafter.
Cost of the Company’s postretirement benefits included the following components:
 
2014
 
2013
 
2012
Net periodic benefit cost
 
 
 
 
 
  Service cost – benefits earned during the year
$
14,667

 
$
15,782

 
$
12,617

  Interest cost on the projected benefit obligation
30,472

 
28,412

 
27,867

  Amortization (accretion) of unrecognized prior service cost
2,217

 
(1,518
)
 
9,396

  Amortization of unrecognized loss

 
6,293

 
680

Net periodic benefits cost at end of year
$
47,356

 
$
48,969

 
$
50,560



The Company is required to recognize the funded status (i.e., the difference between the fair value of the assets and the accumulated postretirement benefit obligations of its postretirement benefits) in its Consolidated Balance Sheet, with a corresponding adjustment to accumulated other comprehensive income, net of tax.  The net amount in accumulated other comprehensive income is $(118,150), $(77,988) net of tax, for December 31, 2014, and $(73,246), $(48,353) net of tax, for December 31, 2013, and represents the net unrecognized actuarial losses and unrecognized prior service costs.  The effects of the funded status on the Company’s Consolidated Balance Sheets at December 31, 2014 and 2013 are presented in the following table:
 
2014
 
2013
Funded status
 
 
 
Actuarial present value of future benefits:
 
 
 
Fully eligible active employee
$
(409,492
)
 
$
(377,838
)
Non-eligible active employees
(362,045
)
 
(301,439
)
Plan assets

 

Funded status of accumulated postretirement benefit obligation, recognized in other liabilities
$
(771,537
)
 
$
(679,277
)


Development of the accumulated postretirement benefit obligation for the years ended December 31, 2014 and 2013 includes the following:
 
2014
 
2013
Accrued postretirement benefit obligation at beginning of year
$
(679,277
)
 
$
(712,296
)
Service cost – benefits earned during the year
(14,667
)
 
(15,782
)
Interest cost on projected benefit obligation
(30,472
)
 
(28,412
)
Actuarial (loss) gain
(47,121
)
 
77,213

Accrued postretirement benefit obligation at end of year
$
(771,537
)
 
$
(679,277
)


The changes in amounts related to accumulated other comprehensive income, pre-tax, are as follows:
 
2014
 
2013
Balance at beginning of year
$
73,246

 
$
155,234

Components of accumulated other comprehensive income:
 
 
 
Unrecognized prior service (cost) credit
(2,217
)
 
1,518

Amortization of loss, net

 
(6,293
)
Actuarial loss (gain)
47,121

 
(77,213
)
Balance at end of year
$
118,150

 
$
73,246



The amounts currently in accumulated other comprehensive income, pre-tax, that will be reclassified to the Consolidated Statements of Income and recognized as components of net periodic benefit costs in 2015 are:
 
Projected
2015
Amortization of unrecognized prior service cost
$
4,390

Amortization of unrecognized loss
3,514

Net periodic benefit cost at end of year
$
7,904



Assumed health care cost trend rates do have an effect on the amounts reported for the postretirement benefit obligations.  The following illustrates the effects on the net periodic postretirement benefit cost (“NPPBC”) and the accumulated postretirement benefit obligation (“APBO”) of a one percentage point increase and one percentage point decrease in the assumed health care cost trend rate as of December 31, 2014:
 
One
Percentage
Point
Increase
 
One
Percentage
Point
Decrease
Net periodic postretirement benefit cost
 
 
 
Effect on the service cost component
$
4,386

 
$
(3,344
)
Effect on interest cost
6,819

 
(5,267
)
Total effect on the net periodic postretirement benefit cost
$
11,205

 
$
(8,611
)
Accumulated postretirement benefit obligation (including active employees
who are not fully eligible)
 
 
 
Effect on those currently receiving benefits (retirees and spouses)
$

 
$

Effect on active fully eligible
75,677

 
(59,919
)
Effect on actives not yet eligible
94,798

 
(72,309
)
Total effect on the accumulated postretirement benefit obligation
$
170,475

 
$
(132,228
)
v2.4.1.9
Commitments and Contingencies
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies

Legal Proceedings.  The Company and its subsidiaries are involved in legal proceedings that are incidental to their business. In the Company’s opinion, based on the present status of these proceedings, any potential liability of the Company or its subsidiaries with respect to these legal proceedings, will not, in the aggregate, be material to the Company’s consolidated financial condition or operations.

Regulation.  The Company’s title insurance and trust subsidiaries are regulated by various federal, state and local governmental agencies and are subject to various audits and inquiries. It is the opinion of management based on its present expectations that these audits and inquiries will not have a material impact on the Company’s consolidated financial condition or operations.

Escrow and Trust Deposits.  As a service to its customers, the Company, through ITIC, administers escrow and trust deposits representing earnest money received under real estate contracts, undisbursed amounts received for settlement of mortgage loans and indemnities against specific title risks.  Cash held by the Company for these purposes was approximately $18,674,000 and $11,824,000 as of December 31, 2014 and 2013, respectively. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying Consolidated Balance Sheets.  However, the Company remains contingently liable for the disposition of these deposits.

Like-Kind Exchanges Proceeds.  In administering tax-deferred property exchanges, the Company’s subsidiary, Investors Title Exchange Corporation (“ITEC”), serves as a qualified intermediary for exchanges, holding the net sales proceeds from relinquished property to be used for purchase of replacement property. Another Company subsidiary, Investors Title Accommodation Corporation (“ITAC”), serves as exchange accommodation titleholder and, through limited liability companies (“LLCs”) that are wholly owned subsidiaries of ITAC, holds property for exchangers in reverse exchange transactions.  Like-kind exchange deposits and reverse exchange property totaled approximately $82,477,000 and $76,037,000 as of December 31, 2014 and 2013, respectively.  These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying Consolidated Balance Sheets; however, the Company remains contingently liable for the disposition of the transfers of property, disbursements of proceeds and the return on the proceeds at the agreed upon rate.  Exchange services revenues include earnings on these deposits; therefore, investment income is shown as other revenue rather than investment income. These like-kind exchange funds are primarily invested in money market and other short-term investments.
v2.4.1.9
Segment Information
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information

The Company has one reportable segment, title insurance services.  The remaining immaterial segments have been combined into a group called “All Other.”

The title insurance segment primarily issues title insurance policies through approved attorneys from underwriting offices and through independent issuing agents. Title insurance policies insure titles to real estate.

Provided below is selected financial information about the Company’s operations by segment for the periods ended December 31, 2014, 2013 and 2012:
2014
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
114,279,532

 
$
5,904,059

 
$
(1,592,100
)
 
$
118,591,491

Investment income
3,835,209

 
517,628

 
(93,336
)
 
4,259,501

Net realized gain on investments
213,709

 
54,585

 

 
268,294

Total revenues
$
118,328,450

 
$
6,476,272

 
$
(1,685,436
)
 
$
123,119,286

Operating expenses
105,290,627

 
5,862,577

 
(1,522,416
)
 
109,630,788

Income before income taxes
$
13,037,823

 
$
613,695

 
$
(163,020
)
 
$
13,488,498

Total assets
$
153,072,950

 
$
44,966,260

 
$

 
$
198,039,210

2013
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
118,153,904

 
$
5,507,069

 
$
(1,499,884
)
 
$
122,161,089

Investment income
3,599,106

 
388,838

 
(93,336
)
 
3,894,608

Net realized gain (loss) on investments
225,661

 
(29,861
)
 

 
195,800

Total revenues
$
121,978,671

 
$
5,866,046

 
$
(1,593,220
)
 
$
126,251,497

Operating expenses
99,899,804

 
6,239,155

 
(1,430,200
)
 
104,708,759

Income (loss) before income taxes
$
22,078,867

 
$
(373,109
)
 
$
(163,020
)
 
$
21,542,738

Total assets
$
146,110,146

 
$
42,195,670

 
$

 
$
188,305,816

2012
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
106,496,802

 
$
4,931,574

 
$
(1,395,934
)
 
$
110,032,442

Investment income
3,492,998

 
571,999

 
(84,586
)
 
3,980,411

Net realized gain on investments
430,495

 
635,744

 

 
1,066,239

Total revenues
$
110,420,295

 
$
6,139,317

 
$
(1,480,520
)
 
$
115,079,092

Operating expenses
94,909,649

 
5,433,207

 
(1,343,671
)
 
98,999,185

Income before income taxes
$
15,510,646

 
$
706,110

 
$
(136,849
)
 
$
16,079,907

Total assets
$
136,042,848

 
$
35,875,428

 
$

 
$
171,918,276

v2.4.1.9
Stockholders' Equity
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Stockholders' Equity
Stockholders’ Equity
On November 12, 2002, the Company’s Board of Directors amended the Company’s Articles of Incorporation, creating a series of Class A Junior Participating Preferred Stock (the “Class A Preferred Stock”). The Class A Preferred Stock is senior to common stock in dividends or distributions of assets upon liquidations, dissolutions or winding up of the Company. Dividends on the Class A Preferred Stock are cumulative and accrue from the quarterly dividend payment date. Each share of Class A Preferred Stock entitles the holder thereof to 100 votes on all matters submitted to a vote of shareholders of the Company. These shares were reserved for issuance under the Shareholder Rights Plan (the “Plan”), which was adopted on November 21, 2002, by the Company’s Board of Directors. Under the terms of the Plan, the Company’s common stock acquired by a person or a group buying 15% or more of the Company’s common stock would be diluted, except in transactions approved by the Board of Directors.
In connection with the Plan, the Company’s Board of Directors declared a dividend distribution of one right (a “Right”) for each outstanding share of the Company’s common stock paid on December 16, 2002, to shareholders of record at the close of business on December 2, 2002. Each Right entitles the registered holder to purchase from the Company a unit (a “Unit”) consisting of one one-hundredth of a share of Class A Preferred Stock. Under the Plan, the Rights detach and become exercisable upon the earlier of (a) ten (10) days following public announcement that a person or group of affiliated or associated persons has acquired, or obtained the right to acquire, beneficial ownership of 15% or more of the outstanding shares of the Company’s common stock, or (b) ten (10) business days following the commencement of, or first public announcement of the intent of a person or group to commence, a tender offer or exchange offer that would result in a person or group beneficially owning 15% or more of such outstanding shares of the Company’s common stock. The exercise price, the kind and the number of shares covered by each right are subject to adjustment upon the occurrence of certain events described in the Plan.
If any person or group of affiliated or associated persons acquires beneficial ownership of 15% or more of the outstanding common stock, each holder of a Right (other than the acquiring person or group) will have the right to buy, at the exercise price, common stock of the Company having a market value of twice the exercise price.  If the Company is acquired in a merger or consolidation in which the Company is not the surviving corporation, or the Company engages in a merger or consolidation in which the Company is the surviving corporation and the Company’s common stock is changed or exchanged, or more than 50% of the Company’s assets or earning power is sold or transferred, the Rights entitle a holder (other than the acquiring person or group) to buy, at the exercise price, stock of the acquiring company having a market value equal to twice the exercise price.  At any time after a person or group of affiliated or associated persons has acquired beneficial ownership of 15% or more of the outstanding common stock and prior to the acquisition by such person or group of 50% or more of the outstanding common stock, the Company’s Board of Directors may exchange the Rights (other than the Rights owned by such person or group), in whole or in part, at an exchange ratio of one share of the Company’s common stock, or one one-hundredth of a share of Preferred Stock, per Right.
The Rights are redeemable upon action by the Board of Directors at a price of $0.01 per right at any time before they become exercisable. Until the Rights become exercisable, they are evidenced only by the common stock certificates and are transferred with and only with such certificates.
On October 31, 2012, the Plan was amended to, among other things, extend the expiration date of the plan from November 11, 2012 to October 31, 2022 and increase the exercise price of the stock purchase rights from $80 per unit to $220 per unit.  In connection with the amendments to the shareholders’ rights plan, the Board of Directors of the Company also amended the Company’s Articles of Incorporation to increase the number of shares designated under the rights plan as Series A Participating Preferred Stock from 100,000 shares to 200,000 shares.  There were 1,000,000 shares of Preferred Stock authorized as of December 31, 2014 and 2013, with 200,000, being designated Class A Junior Participating Preferred Stock.
v2.4.1.9
Concentration of Credit Risk
12 Months Ended
Dec. 31, 2014
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk
Concentration of Credit Risk
Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents.  The Company invests its cash and cash equivalents into high credit quality security instruments.  Deposits which exceed $250,000 at each institution are not insured by the Federal Deposit Insurance Corporation (“FDIC”). Of the $15.8 million in cash and cash equivalents at December 31, 2014, $15.3 million was not insured by the FDIC. Of the $23.6 million in cash and cash equivalents at December 31, 2013, $23.1 million was not insured by the FDIC. 
v2.4.1.9
Business Concentration
12 Months Ended
Dec. 31, 2014
Risks and Uncertainties [Abstract]  
Business Concentration
Business Concentration
The Company generates a significant amount of title insurance premiums in Texas, North Carolina and South Carolina.  In 2014, 2013 and 2012, Texas accounted for 36.5%, 26.8% and 24.8% of total title premiums, respectively.  In 2014, 2013 and 2012, North Carolina accounted for 28.4%, 27.4% and 30.5% of total title premiums, respectively. In 2014, 2013 and 2012, South Carolina accounted for 7.7%, 11.4% and 8.6% of total title premiums, respectively.
In 2014, 2013 and 2012, the Company had one agent that accounted for 23.6%, 16.4% and 14.0% of net premiums written, respectively.
v2.4.1.9
Related Party Transactions
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
The Company does business with, and has investments in, unconsolidated limited liability companies that are primarily title insurance agencies.  The Company utilizes the equity method to account for its investments in these limited liability companies.  The following table sets forth the approximate values by year found within each financial statement classification:
Financial Statement Classification,
2014
 
2013
Consolidated Balance Sheets
 
Other investments
$
6,014,000

 
$
5,320,000

Premiums and fees receivable
$
666,000

 
$
657,000

Financial Statement Classification,
 
 
 
Consolidated Statements of Income
2014
 
2013
 
2012
Net premiums written
$
11,783,000

 
$
12,442,000

 
$
15,558,000

Other income
$
2,043,000

 
$
1,839,000

 
$
2,238,000

Commissions to agents
$
8,049,000

 
$
8,465,000

 
$
10,923,000



During the second quarter of 2013, the Company repurchased 17,524 shares of Company common stock from officers of the Company at a price of $71.50 per share to cover withholding taxes payable by the officers upon the exercise of SARs. During the fourth quarter of 2013, the Company repurchased 28,130 shares of Company common stock from officers of the Company at a price of $80.01 per share.
v2.4.1.9
Acquisition
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Acquisition
Acquisition

In January 2012, a subsidiary of the Company, ITIC, entered into a membership interest purchase and sale agreement under which it agreed to acquire a majority ownership interest of United Title Agency Co., LLC (“United”).  United, a Michigan limited liability company, is an insurance agency doing business in the State of Michigan.  On April 2, 2012, ITIC purchased a 70% ownership interest in United, with both ITIC and the seller having the option to require ITIC to purchase the remaining 30% interest at a later date.

The contingent payment arrangement required that the purchase price for the 70% majority interest was to be paid over a two year period and was determined by multiplying United’s actual GAAP net income for the first full 24 calendar months subsequent to closing by an agreed upon factor.  In no event was the purchase price for the majority interest to exceed $1,041,250. The acquisition date fair value of the total consideration to be transferred was $1,041,250.  This fair value total was equal to $350,000 ITIC had already paid toward the purchase price, as well as $691,250 in estimated contingent payments.  During the second quarter of 2013, ITIC paid an additional $350,000 toward the purchase price. During the second quarter of 2014, ITIC paid the remaining $341,250 of the purchase price. The resulting contingent payments of $0 and $341,250 are categorized in the Consolidated Balance Sheets as accounts payable and accrued liabilities as of December 31, 2014 and 2013, respectively.

On May 21, 2014, ITIC purchased the remaining 30% ownership interest in United, making United a wholly owned subsidiary of ITIC. The purchase price of the redeemable noncontrolling interest was calculated by multiplying United’s GAAP net income for the full 24 calendar months immediately preceding the written notice of the option exercise by an agreed upon factor. The calculated purchase price of $515,275 was paid during the second quarter of 2014.

The following table provides the effects of changes in ITIC's ownership interest in United, and the resulting impact on the Company's equity:
 
December 31, 2014
 
December 31, 2013
Net income attributable to the Company
$
9,648,975

 
$
14,708,210

Transfers from the redeemable controlling interest:
 
 
 
Decrease in paid-in capital for purchase of redeemable noncontrolling interest
(114,320
)
 

Net transfers from noncontrolling interest
(114,320
)
 

Change from net income attributable to the Company and transfers from redeemable noncontrolling interest
$
9,534,655

 
$
14,708,210



As certain provisions of the membership interest purchase and sale agreement placed the acquisition of the remaining 30% by ITIC out of ITIC’s control, the noncontrolling interest in United was deemed redeemable.  The redeemable noncontrolling interest was presented outside of permanent equity, as redeemable equity in the Consolidated Balance Sheets.  On the acquisition date, the fair value of the redeemable noncontrolling interest was $446,250. The fair value of the redeemable noncontrolling interest was based on the noncontrolling interest’s share of the value of net assets.

The following table provides a reconciliation of total redeemable equity for the periods ended December 31, 2014, 2013 and 2012:
Changes in carrying value during the period ended:
2014
 
2013
 
2012
Beginning balance at January 1
$
545,489

 
$
493,861

 
$

Net income attributable to redeemable noncontrolling interest
23,523

 
88,528

 
88,411

Distributions to noncontrolling interest
(168,057
)
 
(36,900
)
 
(40,800
)
Redeemable noncontrolling interest resulting from subsidiary purchase
(515,275
)
 

 
446,250

Adjustment to retained earnings for purchase of noncontrolling interest
114,320

 

 

Balance, net
$

 
$
545,489

 
$
493,861



Fair valuation methods used for the identifiable tangible net assets acquired in the acquisition make use of discounted cash flows using current interest rates.  The fair value of identifiable net tangible assets at the acquisition date was $5,600.  Identifiable assets acquired included cash and fixed assets.  Liabilities assumed consisted of notes payable.

The transaction was accounted for using the acquisition method required by ASC 805, Business Combinations.  Accordingly, the Company recognized the required identifiable intangible assets of United.  There was no goodwill recorded as a result of the acquisition. The fair values of intangible assets, all Level 3 inputs, are principally based on values obtained from a third party valuation service.  At acquisition, intangible assets included $645,685 relating to a non-compete contract resulting from the acquisition and $836,215 from referral relationships.  The non-compete contract is being amortized over a 10-year period using the straight-line method, starting at a future date when the related employment agreement is terminated.  The referral relationships are being amortized over a 12-year period using the straight-line method.  At December 31, 2014 and 2013, accumulated amortization of intangible assets was $191,631 and $121,947, respectively.  Net intangible assets of $1,290,269 and $1,359,953 are categorized as prepaid expenses and other assets in the Consolidated Balance Sheets as of December 31, 2014 and 2013.  In accordance with ASC 350, Intangibles – Goodwill and Other, the Company completed interim impairment testing and determined that the intangible assets assigned to United were not impaired at December 31, 2014.
The amortization of the non-compete contract will start at a future date when the related employment agreement is terminated.  There are currently no plans to terminate the employment agreement, and the Company does not believe it is probable that termination of the employment agreement will occur within the calendar year. Assuming that the amortization of the non-complete agreement begins on the first day of 2016, estimated aggregate amortization expense for each of the five succeeding fiscal years are as follows:
Year Ended:
 
2015
$
69,685

2016
134,253

2017
134,253

2018
134,253

2019
134,253

Thereafter
683,572

Total
$
1,290,269



In the Consolidated Statements of Income, revenues and expenses include the operations of United since April 2, 2012, which is the acquisition date.  United was formed as a result of the Company’s acquisition, and had no net income prior to the acquisition date.

The Company has not provided historical or pro forma financial information related to the United acquisition because none of the purchase price paid, assets acquired or income of United were significant to the Company under the SEC’s Regulation S-X.
v2.4.1.9
Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2014
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income

The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended December 31, 2014, 2013 and 2012:
2014
Unrealized Gains and Losses
On Available-for-Sale
Securities
 
Postretirement
Benefits Plans
 
 
Total
Beginning balance at January 1
$
11,395,757

 
$
(48,353
)
 
$
11,347,404

Other comprehensive income (loss) before reclassifications
1,874,111

 
(31,100
)
 
1,843,011

Amounts reclassified from accumulated other comprehensive income (loss)
(335,371
)
 
1,465

 
(333,906
)
Net current-period other comprehensive income (loss)
1,538,740

 
(29,635
)
 
1,509,105

Ending balance
$
12,934,497

 
$
(77,988
)
 
$
12,856,509

2013
Unrealized Gains and Losses
On Available-for-Sale
Securities
 
Postretirement
Benefits Plans
 
 
Total
Beginning balance at January 1
$
8,920,884

 
$
(102,454
)
 
$
8,818,430

Other comprehensive income before reclassifications
2,605,184

 
50,961

 
2,656,145

Amounts reclassified from accumulated other comprehensive income
(130,311
)
 
3,140

 
(127,171
)
Net current-period other comprehensive income
2,474,873

 
54,101

 
2,528,974

Ending balance
$
11,395,757

 
$
(48,353
)
 
$
11,347,404

2012
Unrealized Gains and Losses
On Available-for-Sale
Securities
 
Postretirement
Benefits Plans
 
 
Total
Beginning balance at January 1
$
7,563,541

 
$
(54,376
)
 
$
7,509,165

Other comprehensive income (loss) before reclassifications
2,032,134

 
(54,726
)
 
1,977,408

Amounts reclassified from accumulated other comprehensive income (loss)
(674,791
)
 
6,648

 
(668,143
)
Net current-period other comprehensive income (loss)
1,357,343

 
(48,078
)
 
1,309,265

Ending balance
$
8,920,884

 
$
(102,454
)
 
$
8,818,430



The following tables provide significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended December 31, 2014, 2013 and 2012:
2014
 

 
Details about Accumulated Other
Comprehensive Income Components
Amount Reclassified from
Accumulated Other
Comprehensive Income

 Affected Line Item in the Consolidated
Statements of Income
Unrealized gains and losses on available-for-sale securities:
 

 
Net realized gain on investment
$
518,279


 
Other-than-temporary impairments
(14,542
)

 
Total
$
503,737


Net realized gain on investment
Tax
(168,366
)

Provision for Income Taxes
Net of Tax
$
335,371


 
Amortization related to postretirement benefit plans:
 


 
Prior year service cost
$
(2,217
)

 
Unrecognized gain (loss)


 
Total
$
(2,217
)

(a)
Tax
752


Provision for Income Taxes
Net of Tax
$
(1,465
)

 
Reclassifications for the period
$
333,906


 
2013
 
 
 
Details about Accumulated Other
Comprehensive Income Components
Amount Reclassified from
Accumulated Other
Comprehensive Income
 
 Affected Line Item in the Consolidated
Statements of Income
Unrealized gains and losses on available-for-sale securities:
 
 
 
Net realized gain on investment
$
229,869

 
 
Other-than-temporary impairments
(34,070
)
 
 
Total
$
195,799

 
Net realized gain on investment
Tax
(65,488
)
 
Provision for Income Taxes
Net of Tax
$
130,311

 
 
Accretion (amortization) related to postretirement benefit plans:
 

 
 
Prior year service cost
$
1,518

 
 
Unrecognized loss
(6,293
)
 
 
Total
$
(4,775
)
 
(a)
Tax
1,635

 
Provision for Income Taxes
Net of Tax
$
(3,140
)
 
 
Reclassifications for the period
$
127,171

 
 
2012
 
 
 
Details about Accumulated Other
Comprehensive Income Components
Amount Reclassified from
Accumulated Other
Comprehensive Income
 
 Affected Line Item in the Consolidated
Statements of Income
Unrealized gains and losses on available-for-sale securities:
 
 
 
Net realized gain on investment
$
1,166,179

 
 
Other-than-temporary impairments
(99,940
)
 
 
Total
$
1,066,239

 
Net realized gain on investment
Tax
(391,448
)
 
Provision for Income Taxes
Net of Tax
$
674,791

 
 
Amortization related to postretirement benefit plans:
 

 
 
Prior year service cost
$
(9,396
)
 
 
Unrecognized loss
(680
)
 
 
Total
$
(10,076
)
 
(a)
Tax
3,428

 
Provision for Income Taxes
Net of Tax
$
(6,648
)
 
 
Reclassifications for the period
$
668,143

 
 

(a)
These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 10.
v2.4.1.9
Schedule I
12 Months Ended
Dec. 31, 2014
Summary of Investments, Other than Investments in Related Parties [Abstract]  
Summary of Investments - Other than Investments in Related Parties
SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES
AS OF DECEMBER 31, 2014
Type of Investment
Cost (1)
 
Market Value
 
Amount at which shown in the Balance Sheet (2)
 
 
 
 
 
 
Fixed maturities:
 
 
 
 
 
Bonds:
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
35,215,247

 
$
36,723,499

 
$
36,723,499

Issuer obligations of U.S. states, territories and political subdivisions special revenue
46,707,033

 
49,057,256

 
49,057,256

Corporate debt securities
21,576,641

 
22,328,435

 
22,328,435

Auction rate securities
922,129

 
939,100

 
939,100

Total fixed maturities
104,421,050

 
109,048,290

 
109,048,290

 
 
 
 
 
 
Equity securities:
 
 
 
 
 
Common stocks:
 
 
 
 
 
Public utilities
961,094

 
1,402,159

 
1,402,159

Banks, trust and insurance companies
2,573,154

 
4,033,101

 
4,033,101

Industrial, miscellaneous and all other
18,503,498

 
29,248,520

 
29,248,520

Technology
1,896,007

 
4,319,201

 
4,319,201

Nonredeemable preferred stocks
195,000

 
252,000

 
252,000

Total equity securities
24,128,753

 
39,254,981

 
39,254,981

 
 
 
 
 
 
Other investments:
 
 
 
 
 
Short-term investments
2,576,993

 
2,576,993

 
2,576,993

Other investments
7,284,583

 
7,284,583

 
7,284,583

Total other investments
9,861,576

 
9,861,576

 
9,861,576

 
 
 
 
 
 
Total investments (3)
$
138,411,379

 
$
158,164,847

 
$
158,164,847

 
 
 
 
 
 
(1) Fixed maturities are shown at amortized cost and equity securities are shown at original cost.
(2) Bonds of states, municipalities and political subdivisions are shown at amortized cost for held-to-maturity bonds and fair value for available-for-sale bonds. Equity securities are shown at fair value.
(3) The above summary of investments does not include investments in related parties accounted for under the cost and equity methods of accounting in the amount of $1,246,346.
v2.4.1.9
Schedule II
12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Registrant
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
BALANCE SHEETS
AS OF DECEMBER 31, 2014 AND 2013
 
2014
 
2013
Assets:
 
 
 
Cash and cash equivalents
$
7,942,481

 
$
7,210,956

Investments in fixed maturities, available-for-sale
24,358,323

 
19,202,320

Investments in equity securities, available-for-sale
2,529,982

 
2,265,136

Short-term investments
284,069

 
2,213,496

Investments in affiliated companies
96,395,352

 
90,570,724

Other investments
1,578,236

 
737,378

Premium and fees receivable
56,428

 
135,669

Other receivables
2,220,330

 
1,456,037

Income taxes recoverable
1,876,242

 
3,230,977

Accrued interest and dividends
128,221

 
103,571

Property, net
2,371,078

 
2,504,969

Total Assets
$
139,740,742

 
$
129,631,233


 
 
 
Liabilities and Stockholders’ Equity
 

 
 

Liabilities:
 

 
 

Accounts payable and accrued liabilities
$
2,074,347

 
$
1,558,095

Deferred income taxes, net
102,689

 
10,984

Total liabilities
2,177,036

 
1,569,079


 
 
 
Stockholders’ Equity:
 

 
 

Preferred stock (1,000,000 authorized shares; no shares issued)

 

Common stock - no par value (10,000,000 authorized shares; 2,023,270 and 2,037,135 shares issued and outstanding 2014 and 2013, respectively, excluding 291,676 shares for 2014 and 2013 of common stock held by the Company’s subsidiary)
1

 
1

Retained earnings
124,707,196

 
116,714,749

Accumulated other comprehensive income
12,856,509

 
11,347,404

Total stockholders’ equity
137,563,706

 
128,062,154

Total Liabilities and Stockholders’ Equity
$
139,740,742

 
$
129,631,233


See notes to Condensed Financial Statements.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012
 
 
2014
 
2013
 
2012
Revenues:
 
 
 
 
 
 
Investment income – interest and dividends
 
$
482,711

 
$
348,933

 
$
520,511

Net realized gain (loss) on investments
 
9,169

 
(50,778
)
 
616,001

Rental income
 
772,256

 
748,764

 
736,159

Miscellaneous income (loss)
 
59,569

 
68,966

 
(62,253
)
Total
 
1,323,705

 
1,115,885

 
1,810,418


 
 
 
 
 
 
Operating Expenses:
 
 

 
 

 
 

Salaries, employee benefits and payroll taxes
 
673,729

 
576,429

 
459,248

Office occupancy and operations
 
270,881

 
408,373

 
390,227

Business development
 
49,059

 
45,022

 
25,909

Taxes – other than payroll and income
 
200,718

 
188,314

 
240,607

Professional and contract labor fees
 
192,064

 
351,093

 
245,398

Other expenses
 
193,681

 
177,810

 
161,937

Total
 
1,580,132

 
1,747,041

 
1,523,326


 
 
 
 
 
 
Equity in Net Income of Affiliated Companies
 
9,777,925

 
15,164,894

 
10,992,815


 
 
 
 
 
 
Income before Income Taxes
 
9,521,498

 
14,533,738

 
11,279,907


 
 
 
 
 
 
(Benefit) Provision for Income Taxes
 
(151,000
)
 
(263,000
)
 
89,000


 
 
 
 
 
 
Net Income
 
9,672,498

 
14,796,738

 
11,190,907


 
 
 
 
 
 
Net Income Attributable to Redeemable Noncontrolling Interest
 
(23,523
)
 
(88,528
)
 
(88,411
)

 
 
 
 
 
 
Net Income Attributable to the Company
 
$
9,648,975

 
$
14,708,210

 
$
11,102,496


 
 
 
 
 
 
Basic Earnings per Common Share
 
$
4.75

 
$
7.15

 
$
5.33


 
 
 
 
 
 
Weighted Average Shares Outstanding – Basic
 
2,031,760

 
2,056,169

 
2,081,703


 
 
 
 
 
 
Diluted Earnings per Common Share
 
$
4.74

 
$
7.08

 
$
5.24


 
 
 
 
 
 
Weighted Average Shares Outstanding – Diluted
 
2,037,534

 
2,076,628

 
2,116,793

 
 
 
 
 
 
 
Cash Dividends Paid per Common Share
 
$
0.32

 
$
0.32

 
$
0.29


See notes to Condensed Financial Statements.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012
 
2014
 
2013
 
2012
Operating Activities
 
 
 
 
 
Net income
$
9,672,498

 
$
14,796,738

 
$
11,190,907

Adjustments to reconcile net income to net cash provided by operating activities:
 

 
 

 
 

Equity in net earnings of subsidiaries
(9,777,925
)
 
(15,164,894
)
 
(10,992,815
)
Depreciation
136,369

 
136,031

 
133,334

Amortization, net
210,768

 
69,969

 
51,111

Issuance of common stock in payment of bonuses and fees
164,730

 
76,110

 
54,041

Net loss on disposals of property
2,722

 

 

Net realized (gain) loss on investments
(19,231
)
 
50,778

 
(616,001
)
Net loss (earnings) from other investments
322

 
(32,499
)
 
91,256

(Benefit) provision for deferred income taxes
(40,000
)
 
(93,000
)
 
48,000

(Increase) decrease in receivables
(685,052
)
 
(146,247
)
 
368,574

Decrease (increase) in income taxes recoverable
1,354,735

 
(1,646,373
)
 
(398,445
)
(Increase) decrease in other assets
(24,650
)
 
(101
)
 
20,224

Increase (decrease) in accounts payable and accrued liabilities
516,252

 
(8,118
)
 
(124,799
)
Net cash provided by (used in) operating activities
1,511,538

 
(1,961,606
)
 
(174,613
)

 
 
 
 
 
Investing Activities
 

 
 

 
 

Capital contribution to subsidiaries

 

 
(250,000
)
Dividends received from subsidiaries
5,051,664

 
9,252,919

 
5,609,489

Purchases of available-for-sale securities
(6,883,612
)
 
(10,360,919
)
 
(4,960,208
)
Purchases of short-term securities
(104,207
)
 
(58,283
)
 
(3,565
)
Purchases of and net earnings from other investments
(964,197
)
 
(49,485
)
 
(94,881
)
Proceeds from sales and maturities of available-for-sale securities
1,631,987

 
3,027,896

 
5,033,298

Proceeds from sales and maturities of short-term securities
2,033,634

 
2,748,876

 
3,641,978

Proceeds from sales and distributions of other investments
123,017

 
45,384

 
505,832

Proceeds from sales of other assets

 
4,832

 
176,815

Purchases of property
(5,200
)
 
(24,820
)
 
(98,722
)
Proceeds from disposals of property

 
7,200

 

Net cash provided by investing activities
883,086

 
4,593,600

 
9,560,036


 
 
 
 
 
Financing Activities
 

 
 

 
 

Repurchases of common stock
(1,055,765
)
 
(4,262,260
)
 
(3,975,532
)
Exercise of options
27,100

 
75,797

 
160,557

Excess tax benefit
15,999

 
9,042

 

Dividends paid
(650,433
)
 
(657,914
)
 
(603,334
)
Net cash used in financing activities
(1,663,099
)
 
(4,835,335
)
 
(4,418,309
)

 
 
 
 
 
Net Increase (Decrease) in Cash and Cash Equivalents
731,525

 
(2,203,341
)
 
4,967,114

Cash and Cash Equivalents, Beginning of Period
7,210,956

 
9,414,297

 
4,447,183

Cash and Cash Equivalents, End of Period
$
7,942,481

 
$
7,210,956

 
$
9,414,297


 
 
 
 
 
Supplemental Disclosures:
 
 
 
 
 
Income tax payments, net
$
2,699,000

 
$
5,583,000

 
$
4,392,000


See notes to Condensed Financial Statements.
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
NOTES TO THE CONDENSED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012

1.
The accompanying Condensed Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto of Investors Title Company and Subsidiaries.

2.
Cash dividends paid to Investors Title Company by its wholly owned subsidiaries were as follows:
Subsidiaries
2014
 
2013
 
2012
Investors Title Insurance Company, net*
$
4,906,664

 
$
9,102,919

 
$
5,169,489

Investors Title Exchange Corporation
50,000

 
50,000

 
10,000

Investors Title Accommodation Corporation
10,000

 

 
30,000

Investors Title Management Services, Inc.

 

 

Investors Capital Management Company
40,000

 

 
50,000

Investors Trust Company

 
100,000

 
350,000

Investors Title Commercial Agency, LLC
45,000

 

 

Total
$
5,051,664

 
$
9,252,919

 
$
5,609,489


* Total dividends of $5,000,000, $9,196,255 and $5,254,075 paid to the Parent Company in 2014, 2013 and 2012, respectively, netted with dividends of $93,336, $93,336 and $84,586 received from the Parent Company in 2014, 2013 and 2012, respectively.
v2.4.1.9
Schedule III
12 Months Ended
Dec. 31, 2014
Supplementary Insurance Information [Abstract]  
Supplementary Insurance Information
SUPPLEMENTARY INSURANCE INFORMATION
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012
Segment
Deferred Policy Acquisition Cost
 
Future Policy Benefits, Losses, Claims and Loss Expenses
 
Unearned Premiums
 
Other Policy Claims and Benefits Payable
 
Premium Revenue
 
Net Investment Income
 
Benefits, Claims. Losses and Settlement Expenses
 
Amortization of Deferred Policy Acquisition Costs
 
Other Operating Expenses
 
Premiums Written
Year Ended December 31, 2014
Title Insurance
$

 
$
36,677,000

 
$

 
$
236,401

 
$
109,963,556

 
$
3,741,873

 
$
5,229,716

 
$

 
$
98,620,374

 
N/A
All Other

 

 

 

 

 
517,628

 

 

 
5,780,698

 
N/A
 
$

 
$
36,677,000

 
$

 
$
236,401

 
$
109,963,556

 
$
4,259,501

 
$
5,229,716

 
$

 
$
104,401,072

 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2013
Title Insurance
$

 
$
35,360,000

 
$

 
$
389,807

 
$
113,886,266

 
$
3,505,770

 
$
(571,596
)
 
$

 
$
99,093,515

 
N/A
All Other

 

 

 

 

 
388,838

 

 

 
6,186,840

 
N/A
 
$

 
$
35,360,000

 
$

 
$
389,807

 
$
113,886,266

 
$
3,894,608

 
$
(571,596
)
 
$

 
$
105,280,355

 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2012
Title Insurance
$

 
$
39,078,000

 
$

 
$
461,566

 
$
102,331,102

 
$
3,408,412

 
$
6,072,115

 
$

 
$
87,545,115

 
N/A
All Other

 

 

 

 

 
571,999

 

 

 
5,381,955

 
N/A
 
$

 
$
39,078,000

 
$

 
$
461,566

 
$
102,331,102

 
$
3,980,411

 
$
6,072,115

 
$

 
$
92,927,070

 
N/A
v2.4.1.9
Schedule IV
12 Months Ended
Dec. 31, 2014
Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Abstract]  
Reinsurance
REINSURANCE
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012
 
Gross Amount
 
Ceded to Other Companies
 
Assumed from Other Companies
 
Net Amount
 
Percentages of Amount Assumed to Net
Year Ended December 31, 2014
Title Insurance
$
110,065,581

 
$
140,017

 
$
37,992

 
$
109,963,556

 
0.03
%
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2013
Title Insurance
$
114,091,457

 
$
211,482

 
$
6,291

 
$
113,886,266

 
0.01
%
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2012
Title Insurance
$
102,548,126

 
$
232,683

 
$
15,659

 
$
102,331,102

 
0.02
%
v2.4.1.9
Schedule V
12 Months Ended
Dec. 31, 2014
Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED DECEMBER 31, 2014, 2013 AND 2012
Description
Balance at Beginning of Period
 
Additions Charged to Costs and Expenses
 
Additions Charge to Other Accounts - Describe
 
Deductions - Describe
 
 
Balance at End of Period
2014
Premiums Receivable:
 
 
 
 
 
 
 
 
 
 
Valuation Provision
$
2,620,903

 
$
6,287,694

 
$

 
$
(5,885,866
)
(a)
 
$
3,022,731

Reserves for Claims
$
35,360,000

 
$
5,229,716

 
$

 
$
(3,912,716
)
(b)
 
$
36,677,000

 
 
 
 
 
 
 
 
 
 
 
2013
Premiums Receivable:
 
 
 
 
 
 
 
 
 
 
Valuation Provision
$
1,902,581

 
$
7,536,381

 
$

 
$
(6,818,059
)
(a)
 
$
2,620,903

Reserves for Claims
$
39,078,000

 
$
(571,596
)
 
$

 
$
(3,146,404
)
(b)
 
$
35,360,000

 
 
 
 
 
 
 
 
 
 
 
2012
Premiums Receivable:
 
 
 
 
 
 
 
 
 
 
Valuation Provision
$
1,218,000

 
$
6,008,281

 
$

 
$
(5,323,700
)
(a)
 
$
1,902,581

Reserves for Claims
$
37,996,000

 
$
6,072,115

 
$

 
$
(4,990,115
)
(b)
 
$
39,078,000


(a)
Canceled premiums
(b)
Payments of claims, net of recoveries
v2.4.1.9
Basis Of Presentation and Significant Accounting Policies (Policy)
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Principles of Consolidation and Basis of Presentation
Principles of Consolidation and Basis of Presentation – The accompanying Consolidated Financial Statements include the accounts and operations of Investors Title Company and its subsidiaries, and have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”).   Earnings attributable to the redeemable noncontrolling interest are recorded on the Consolidated Statements of Income for majority-owned subsidiaries. The redeemable noncontrolling interest representing the portion of equity not related to the Company’s ownership interest is recorded as redeemable equity in a separate section of the Consolidated Balance Sheets.  All intercompany balances and transactions have been eliminated in consolidation.
Reclassification, Policy [Policy Text Block]
Immaterial Classification Correction During the years ended December 31, 2013 and 2012, the Company realized $946,605 and $22,101, respectively, in excess tax benefits associated with the exercise of stock options and stock appreciation rights (“SARs”). Such amounts were mistakenly classified as part of operating activities rather than financing activities. Accordingly, the Consolidated Statements of Cash Flows have been corrected. The correction resulted in a decrease to previously reported operating cash flows and an increase to financing cash flows in the amount of $946,605 and $22,101 for the years ended December 31, 2013 and 2012, respectively. There was no impact to the Consolidated Balance Sheets, Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Statements of Stockholders’ Equity or to the Company’s cash position.
Cash and Cash Equivalents
Cash and Cash Equivalents
For the purpose of presentation in the Company’s Consolidated Statements of Cash Flows, cash equivalents are highly liquid instruments with remaining original maturities of three months or less. The carrying amount of cash and cash equivalents is a reasonable estimate of fair value due to the short-term maturity at purchase of these instruments.
Investments in Securities
Investments in Securities
Securities for which the Company has the intent and ability to hold to maturity are classified as held-to-maturity and reported at cost, adjusted for amortization of premiums or accretion of discounts, and other-than-temporary declines in fair value. Securities held principally for resale in the near term are classified as trading securities and recorded at fair values. Realized and unrealized gains and losses on trading securities are included in other income. Securities not classified as either trading or held-to-maturity are classified as available-for-sale and reported at fair value with unrealized gains and losses, net of tax and adjusted for other-than-temporary declines in fair value, reported as accumulated other comprehensive income. As of December 31, 2014 and 2013, all investments in securities are classified as available-for-sale. Securities are regularly reviewed for differences between the cost and estimated fair value of each security for factors that may indicate that a decline in fair value is other-than-temporary. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include the duration and extent to which the fair value has been less than cost and the Company’s ability and intent to retain the investment for a period of time sufficient to allow for a recovery in value. Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss. Fair values of the majority of investments are based on quoted market prices. Realized gains and losses are determined on the specific identification method.  Refer to Note 3 for further information regarding investments in securities and fair value.
Short-term Investments
Short-term Investments
Short-term investments are comprised of money market accounts which are invested in short-term funds, time deposits with banks and savings and loan associations, and other investments expected to have maturities or redemptions greater than three months and less than twelve months. The Company monitors any events or changes in circumstances that may have a significant adverse effect on the fair value of these investments.
Other Investments
Other Investments
Other investments consist primarily of investments in title insurance agencies structured as limited liability companies (“LLCs”), which are accounted for under the equity or cost methods of accounting. The aggregate cost of the Company’s cost method investments totaled $2,423,408 and $1,834,229 at December 31, 2014 and 2013, respectively. The Company monitors any events or changes in circumstances that may have had a significant adverse effect on the fair value of these investments and makes any necessary adjustments.
Property Acquired in Settlement of Claims
Property Acquired in Settlement of Claims
Property acquired in settlement of claims is held for sale and valued at the lower of cost or market. Adjustments to reported estimated realizable values and realized gains or losses on dispositions are recorded as increases or decreases in claim costs.
Property and Equipment
Property and Equipment
Property and equipment are recorded at cost and are depreciated principally under the straight-line method over the estimated useful lives (3 to 25 years) of the respective assets. Maintenance and repairs are charged to operating expenses and improvements are capitalized.
Reserves for Claims
Reserves for Claims
Total reserves for all reported and unreported losses the Company incurred through December 31, 2014 is represented by the reserves for claims. The Company’s reserves for unpaid losses and loss adjustment expenses are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy incurred claims of policyholders which may be reported in the future. Despite the variability of such estimates, management believes that the reserves are adequate to cover claim losses resulting from pending and future claims for policies issued through December 31, 2014.  The Company continually reviews and adjusts its reserve estimates as necessary to reflect its loss experience and any new information that becomes available. Adjustments resulting from such reviews may be significant.
Claims and losses paid are charged to the reserves for claims. Although claims losses are typically paid in cash, occasionally claims are settled by purchasing the interest of the insured or the claimant in the real property. When this event occurs, the acquiring company carries assets at the lower of cost or estimated realizable value, net of any indebtedness on the property.
Income Taxes
Income Taxes
The Company makes certain estimates and judgments in determining income tax expense (benefit) for financial statement purposes. These estimates and judgments occur in the calculation of certain tax assets and liabilities which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes. The Company provides for deferred income taxes (benefits) for the tax consequences in future years of temporary differences between the financial statements’ carrying values and the tax bases of assets and liabilities using currently enacted tax rates.  The Company establishes a valuation allowance if it believes that it is more likely than not that some or all of its deferred tax assets will not be realized.  Refer to Note 8 for further information regarding income taxes.
Premiums Written and Commissions to Agents
Premiums Written and Commissions to Agents
Generally, title insurance premiums are recognized at the time of closing of the related real estate transaction, as the earnings process is then considered complete. Policies or commitments are issued upon receipt of final certificates or preliminary reports with respect to titles. Title insurance commissions earned by the Company’s agents, taxes and a provision for claims losses are recognized as expenses concurrent with recognition of related premium revenue.
Allowance for Doubtful Accounts
Allowance for Doubtful Accounts

Company management continually evaluates the collectability of receivables and provides an allowance for doubtful accounts equal to estimated losses expected to be incurred in the collection of premiums and fees receivable.  During the second quarter of 2014, the Company changed its presentation of gross premiums and fees receivable and related allowance for doubtful accounts and now reports them net of certain commitments not expected to result in issued title insurance policies.  The change had no impact to net premium and fees receivable, net premiums written, operating expenses or net income. Changes to the allowance for doubtful accounts are reflected within net premiums written in the Consolidated Statements of Income.  Amounts are charged off in the period they are deemed to be uncollectible.
Quarterly, the Company evaluates the collectability of receivables. Premiums not collected within 7 months are fully reserved. Write-offs of receivables have not been material to the Company.
Exchange Services Revenue
Exchange Services Revenue
Fees are recognized at the signing of a binding agreement and investment earnings are recognized as they are earned. Exchange services revenues are included in other revenues in the Consolidated Statements of Income.
Fair Values of Financial Instruments
Fair Values of Financial Instruments
The carrying amounts reported in the Consolidated Balance Sheets for cash and cash equivalents, short-term investments, premium and fees receivable, accrued interest and dividends, accounts payable, commissions payable, reinsurance payable and current income taxes recoverable/payable approximate fair value due to the short-term nature of these assets and liabilities.  Fair values for the majority of investment securities are based on quoted market prices.  Auction rate securities (“ARS”) are valued using discounted cash flow models to determine the estimated fair value of these investments.  Some of the inputs for determining the fair value of ARS are unobservable in the securities markets and are significant.  Refer to Note 3 for further information regarding investments in securities and fair value.
Comprehensive Income
Comprehensive Income
The Company’s accumulated other comprehensive income is comprised of unrealized holding gains/losses on available-for-sale securities, net of tax, and unrecognized prior service cost and unrealized gains/losses associated with postretirement benefit liabilities, net of tax.  Accumulated other comprehensive income as of December 31, 2014 consists of $12,934,497 of unrealized holding gains on available-for-sale securities and $77,988 of unrecognized prior service cost and unrecognized actuarial losses associated with postretirement benefit liabilities.  Accumulated other comprehensive income as of December 31, 2013 consists of $11,395,757 of unrealized holding gains on available-for-sale securities and $48,353 of unrecognized prior service cost and unrecognized actuarial losses associated with postretirement benefit liabilities. Accumulated other comprehensive income as of December 31, 2012 consists of $8,920,884 of unrealized holding gains on available-for-sale securities and $102,454 of unrecognized prior service cost and unrecognized actuarial losses associated with postretirement benefit liabilities.
Share-Based Compensation
Share-Based Compensation
The Company accounts for share-based compensation in accordance with the fair value based principles required by the Financial Accounting Standards Board (“FASB”).  Share-based compensation cost is generally measured at the grant date, based on the estimated fair value of the award, and is recognized as an expense over the employee’s requisite service period.
As the share-based compensation expense recognized in the Consolidated Statements of Income is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures.  Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates.
Other Intangible Assets
Other Intangible Assets
The Company’s other intangible assets consist of a non-compete agreement and referral relationships resulting from an agency acquisition and are recorded at the acquisition date fair value.  The referral relationships are amortized on a straight-line basis over the useful life and amortization of the non-compete contract will start at a future date when the related employment agreement is terminated.  Intangible assets are reviewed for impairment at least quarterly.
Subsequent Events
Subsequent Events
The Company has evaluated and concluded that there were no material subsequent events requiring adjustment or disclosure to its Consolidated Financial Statements.
Recently Issued Accounting Standards
Recently Issued Accounting Standards

In May 2014, the FASB updated guidance to improve the comparability of revenue recognition practices for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards such as insurance contracts or lease standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this update becomes effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early adoption is not permitted. The Company is currently evaluating the impact that the recently issued accounting standard will have on the Company's financial position and results of operations, but, does not expect it to have a material impact.
Use Of Estimates and Assumptions
Use of Estimates and Assumptions
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period and accompanying notes. Actual results could differ materially from those estimates and assumptions used.  The more significant of these estimates and assumptions include the following:
Claims – The Company’s reserves for claims are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy incurred claims of policyholders which may be reported in the future (incurred but not reported,  or “IBNR”).  A provision for estimated future claims payments is recorded at the time policy revenue is recorded as a percentage of premium income. By their nature, title claims can often be complex, vary greatly in dollar amounts, vary in number due to economic and market conditions such as an increase in mortgage foreclosures, and involve uncertainties as to ultimate exposure. In addition, some claims may require a number of years to settle and determine the final liability for indemnity and loss adjustment expense. The payment experience may extend for more than 20 years after the issuance of a policy. Events such as fraud, defalcation and multiple property defects can substantially and unexpectedly cause increases in estimates of losses. Due to the length of time over which claim payments are made and regularly occurring changes in underlying economic and market conditions, these estimates are subject to variability.
Management considers factors such as the Company’s historical claims experience, case reserve estimates on reported claims, large claims, actuarial projections and other relevant factors in determining loss provision rates and the aggregate recorded expected liability for claims. In establishing reserves, actuarial projections are compared with recorded reserves to evaluate the adequacy of such recorded claims reserves and any necessary adjustments are then recorded in current operations. As the most recent claims experience develops and new information becomes available, the loss reserve estimate related to prior periods will change to more accurately reflect updated and improved emerging data. The Company reflects any adjustments to reserves in the results of operations in the period in which new information (principally claims experience) becomes available.
The Company’s reserves for claims are established using estimated amounts required to settle claims for which notice has been received (reported) and the amount estimated to be required to satisfy incurred claims of policyholders which have been incurred but not reported (“IBNR”).  During the third quarter of 2013 certain actuarial inputs were changed  to reflect recent trends. See Note 6 in the accompanying Consolidated Financial Statements for further information regarding this change in accounting estimate.
Premiums written – The Company’s premium revenues from certain agency operations include accruals based on estimates. These accruals estimate unreported agency premiums related to transactions which have settled as of the balance sheet date. Accruals for premiums from certain agencies are necessary because of the lag between policy effective dates and the reporting of these transactions to the Company by the agents. The current lag time used in the Company’s estimates typically ranges between 0 and 180 days after the policy effective date, with the majority of agencies reporting within 60 to 90 days. The lag time is reviewed periodically to monitor accruals.  To determine the estimated premiums, the Company uses historical experience, as well as other factors, to make certain assumptions about the average elapsed time between the policy effective date and the date the policies are reported.  From time to time, the Company adjusts the inputs to the calculation of these estimates as agents report transactions and information on more current trends becomes available.  The Company reflects any adjustments to the accruals in the results of operations in the period in which new information becomes available.
Impairments – Securities are regularly evaluated and reviewed for differences between the cost and estimated fair value of each security for factors that may indicate that a decline in fair value is other-than-temporary.  When, in the opinion of management, a decline in the fair value of an investment is considered to be other-than-temporary, such investment is written down to its fair value. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include the duration and extent to which the fair value has been less than cost; the probability that the Company will be unable to collect all amounts due under the contractual terms of the security; with respect to equity securities, whether the Company’s ability and intent to retain the investment for a period of time is sufficient to allow for a recovery in value; with respect to fixed maturity securities, whether the Company has the intent to sell or will more likely than not be required to sell a particular security before recovery in value; and the financial condition and prospects of the issuer (including credit ratings).  These factors are reviewed quarterly and any material degradation in the prospect for recovery will be considered in the other-than-temporary impairment analysis.  Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss.  The fair values of the majority of the Company’s investments are based on quoted market prices from independent pricing services.
v2.4.1.9
Investments in Securities and Fair Value (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Gross Unrealized Gains (Losses) and Amortized Cost for Securities
The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses, and amortized cost for securities by major security type at December 31 were as follows:
December 31, 2014
Amortized
Cost

Gross
Unrealized
Gains

Gross
Unrealized
Losses

Estimated
Fair
Value
Fixed maturities, available-for-sale, at fair value:







General obligations of U.S. states, territories and political subdivisions
$
35,215,247


$
1,527,794


$
19,542


$
36,723,499

Issuer obligations of U.S. states, territories and political subdivisions special revenue
46,707,033


2,405,725


55,502


49,057,256

Corporate debt securities
21,576,641


823,133


71,339


22,328,435

Auction rate securities
922,129


16,971




939,100

Total
$
104,421,050


$
4,773,623


$
146,383


$
109,048,290

Equity securities, available-for-sale, at fair value:











Common stocks and nonredeemable preferred stocks
$
24,128,753


$
15,225,459


$
99,231


$
39,254,981

Total
$
24,128,753


$
15,225,459


$
99,231


$
39,254,981

Short-term investments:











Money market funds and certificates of deposit
$
2,576,993


$


$


$
2,576,993

Total
$
2,576,993


$


$


$
2,576,993

December 31, 2013
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair
Value
Fixed maturities, available-for-sale, at fair value:
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
38,449,309

 
$
1,922,862

 
$
184,351

 
$
40,187,820

Issuer obligations of U.S. states, territories and political subdivisions special revenue
30,874,571

 
1,234,130

 
204,800

 
31,903,901

Corporate debt securities
17,736,608

 
789,840

 
108,456

 
18,417,992

Auction rate securities
919,672

 
16,028

 

 
935,700

Total
$
87,980,160

 
$
3,962,860

 
$
497,607

 
$
91,445,413

Equity securities, available-for sale, at fair value:
 
 
 
 
 
 
 
Common stocks and nonredeemable preferred stocks
$
22,200,369

 
$
14,052,780

 
$
109,084

 
$
36,144,065

Total
$
22,200,369

 
$
14,052,780

 
$
109,084

 
$
36,144,065

Short-term investments:
 

 
 

 
 

 
 

Money market funds and certificates of deposit
$
7,926,373

 
$

 
$

 
$
7,926,373

Total
$
7,926,373

 
$

 
$

 
$
7,926,373

Schedule Of Fixed Maturity Securities
The scheduled maturities of fixed maturity securities at December 31, 2014 were as follows:
 
Available-for-Sale
 
Amortized
Cost
 
Fair
Value
Due in one year or less
$
13,682,264

 
$
13,844,384

Due after one year through five years
52,358,705

 
54,918,427

Due five years through ten years
36,385,776

 
37,703,640

Due after ten years
1,994,305

 
2,581,839

Total
$
104,421,050

 
$
109,048,290

Schedule of Earnings on Investments
Earnings on investments for the years ended December 31 were as follows:
 
2014
 
2013
 
2012
Fixed maturities
$
3,282,810

 
$
2,997,901

 
$
3,154,131

Equity securities
973,419

 
890,917

 
815,674

Invested cash and other short-term investments
3,202

 
5,754

 
10,576

Miscellaneous interest
70

 
36

 
30

Investment income
$
4,259,501

 
$
3,894,608

 
$
3,980,411

Schedule of Gross Realized Gain (Loss) on Securities
Gross realized gains and losses on sales of investments for the years ended December 31 are summarized as follows:
 
2014
 
2013
 
2012
Gross realized gains:
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$

 
$

 
$
250

Corporate debt securities
6,670

 

 
52,396

Common stocks and nonredeemable preferred stocks
1,021,463

 
369,673

 
450,461

Auction rate securities

 

 
211,061

Total
1,028,133

 
369,673

 
714,168

Gross realized losses:
 
 
 
 
 
Common stocks and nonredeemable preferred stocks
(509,854
)
 
(180,169
)
 
(91,975
)
Other than temporary impairment of securities
(14,542
)
 

 
(93,436
)
Total
(524,396
)
 
(180,169
)
 
(185,411
)
Net realized gain
$
503,737

 
$
189,504

 
$
528,757

Net realized (loss) gain on other investments:
 
 
 
 
 
Impairments of other assets and investments
$
(10,062
)
 
$
(34,070
)
 
$
(6,504
)
Net gain on other assets and investments
45,288

 
48,946

 
543,986

Net loss on other assets and investments
(270,669
)
 
(8,580
)
 

Total
$
(235,443
)
 
$
6,296

 
$
537,482

Net realized gain on investments
$
268,294

 
$
195,800

 
$
1,066,239

Schedule of Unrealized Loss on Investments
The following table presents the gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at December 31, 2014 and 2013:
 
Less than 12 Months
 
12 Months or Longer
 
Total
December 31, 2014
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
General obligations of U.S. states, territories and political subdivisions
$
2,113,194

 
$
(19,542
)
 
$

 
$

 
$
2,113,194

 
$
(19,542
)
Issuer obligations of U.S. states, territories and political subdivisions special revenue
3,946,977

 
(13,453
)
 
1,182,390

 
(42,049
)
 
5,129,367

 
(55,502
)
Corporate debt securities
6,924,430

 
(71,339
)
 

 

 
6,924,430

 
(71,339
)
Total fixed maturity securities
$
12,984,601

 
$
(104,334
)
 
$
1,182,390

 
$
(42,049
)
 
$
14,166,991

 
$
(146,383
)
Equity securities
930,208

 
(71,669
)
 
141,280

 
(27,562
)
 
1,071,488

 
(99,231
)
Total temporarily impaired securities
$
13,914,809

 
$
(176,003
)
 
$
1,323,670

 
$
(69,611
)
 
$
15,238,479

 
$
(245,614
)
December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
General obligations of U.S. states, territories and political subdivisions
$
4,198,012

 
$
(184,351
)
 
$

 
$

 
$
4,198,012

 
$
(184,351
)
Issuer obligations of U.S. states, territories and political subdivisions special revenue
11,010,093

 
(204,800
)
 

 

 
11,010,093

 
(204,800
)
Corporate debt securities
5,942,570

 
(108,456
)
 

 

 
5,942,570

 
(108,456
)
Total fixed maturity securities
$
21,150,675

 
$
(497,607
)
 
$

 
$

 
$
21,150,675

 
$
(497,607
)
Equity securities
2,035,971

 
(72,998
)
 
244,929

 
(36,086
)
 
2,280,900

 
(109,084
)
Total temporarily impaired securities
$
23,186,646

 
$
(570,605
)
 
$
244,929

 
$
(36,086
)
 
$
23,431,575

 
$
(606,691
)
Schedule of Assumptions Used to Determine Fair Value
The following table summarizes key assumptions the service used to determine fair value as of December 31, 2014 and 2013:
 
2014
 
2013
Cumulative probability of earning maximum rate until maturity
—%
 
—%
Cumulative probability of principle returned prior to maturity
95.2%
 
95.6%
Cumulative probability of default at some future point
4.8%
 
4.4%
Schedule of Fair Value Assets Measured on Recurring Basis
The following table presents, by level, the financial assets carried at fair value measured on a recurring basis as of December 31, 2014 and 2013.  The table does not include cash on hand and also does not include assets which are measured at historical cost or any basis other than fair value.  Level 3 assets are comprised solely of ARS.
As of December 31, 2014
Level 1
 
Level 2
 
Level 3
 
Total
Short-term investments
$
2,576,993

 
$

 
$

 
$
2,576,993

Equity securities:
 
 
 
 
 
 
 
Common stocks and nonredeemable preferred stock
39,254,981

 

 

 
39,254,981

Fixed maturities:
 
 
 
 
 
 
 
Obligations of U.S. states, territories and political subdivisions*

 
85,780,755

 

 
85,780,755

Corporate debt securities*

 
22,328,435

 
939,100

 
23,267,535

Total
$
41,831,974

 
$
108,109,190

 
$
939,100

 
$
150,880,264

As of December 31, 2013
Level 1
 
Level 2
 
Level 3
 
Total
Short-term investments
$
7,926,373

 
$

 
$

 
$
7,926,373

Equity securities:
 
 
 
 
 
 
 
Common stocks and nonredeemable preferred stock
36,144,065

 

 

 
36,144,065

Fixed maturities:
 
 
 
 
 
 
 
Obligations of U.S. states, territories and political subdivisions*

 
72,091,721

 

 
72,091,721

Corporate debt securities*

 
18,417,992

 
935,700

 
19,353,692

Total
$
44,070,438

 
$
90,509,713

 
$
935,700

 
$
135,515,851

*Denotes fair market value obtained from pricing services.
Schedule of Carrying Value and Fair Value of Financial Assets
The carrying amounts and fair values of these financial instruments (please note investments are disclosed in a previous table) as of December 31, 2014 and 2013 are presented in the following table:
As of December 31, 2014
 
 
 
 
 
 
 
 
 
Financial Assets
Carrying Value
 
Estimated Fair
Value
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
$
15,826,515

 
$
15,826,515

 
$
15,826,515

 
$

 
$

Cost-basis investments
2,516,608

 
2,675,817

 

 

 
2,675,817

Accrued dividends and interest
1,063,837

 
1,063,837

 
1,063,837

 

 

Total
$
19,406,960

 
$
19,566,169

 
$
16,890,352

 
$

 
$
2,675,817

As of December 31, 2013
 
 
 
 
 
 
 
 
 
Financial Assets
Carrying Value
 
Estimated Fair
Value
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
$
23,626,761

 
$
23,626,761

 
$
23,626,761

 
$

 
$

Cost-basis investments
1,927,429

 
2,069,302

 

 

 
2,069,302

Accrued dividends and interest
1,006,698

 
1,006,698

 
1,006,698

 

 

Total
$
26,560,888

 
$
26,702,761

 
$
24,633,459

 
$

 
$
2,069,302

 
 
 
 
 
 
 
 
 
 
Financial Liabilities
 
 
 
 
 
 
 
 
 
Contingent consideration
$
341,250

 
$
341,250

 
$

 
$

 
$
341,250

Total
$
341,250

 
$
341,250

 
$

 
$

 
$
341,250

Schedule of Fair Value Assets Measured at Unobservable Input Reconciliation
The following table presents a reconciliation of the Company’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3), which are all ARS securities, for the twelve months ended December 31, 2014 and 2013:
Changes in fair value during the year ended December 31:
2014
 
2013
Beginning balance at January 1
$
935,700

 
$
932,200

Redemptions and sales

 

Realized gain – included in net realized gain on investments

 

Realized loss – included in net realized gain on investments

 

Unrealized gain - included in other comprehensive income
3,400

 
3,500

Ending balance at December 31
$
939,100

 
$
935,700

Schedule of Changing in Fair Value of Liabilities on Recurring Basis Using Significant Unobservable Inputs
The following table presents a reconciliation of the Company’s liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), consisting solely of contingent acquisition consideration, for the twelve months ended December 31, 2014 and 2013:
Changes in fair value during the period ended:
2014
 
2013
Beginning balance at January 1
$
341,250

 
$
691,250

Addition of contingent consideration

 

Payment for contingent consideration
(341,250
)
 
(350,000
)
Ending balance, net
$

 
$
341,250

Schedule of Estimated Fair Value Hierarchy of Investments and Related Impairments Recognized
The following table summarizes the corresponding estimated fair value hierarchy of such investments at December 31, 2014 and 2013 and the related impairments recognized:
December 31, 2014
Valuation
Method
 
Impaired
 
Level 1
 
Level 2
 
Level 3
 
Total at
Estimated
Fair
Value
 
Impairment
Losses
Cost-basis investments
Fair Value
 
Yes
 
$

 
$

 
$
22,682

 
$
22,682

 
$
(10,062
)
Total cost-basis investments and other assets
 
 
 
 
$

 
$

 
$
22,682

 
$
22,682

 
$
(10,062
)
December 31, 2013
Valuation
Method
 
Impaired
 
Level 1
 
Level 2
 
Level 3
 
Total at
Estimated
Fair
Value
 
Impairment
Losses
Cost-basis investments
Fair Value
 
Yes
 
$

 
$

 
$
32,744

 
$
32,744

 
$
(34,070
)
Total cost-basis investments and other assets
 
 
 
 
$

 
$

 
$
32,744

 
$
32,744

 
$
(34,070
)
v2.4.1.9
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment
Property and equipment and estimated useful lives at December 31 are summarized as follows:
 
2014
 
2013
Land
$
1,107,582

 
$
1,107,582

Office buildings and improvements (25 years)
3,416,096

 
3,365,699

Furniture, fixtures and equipment (3 to 10 years)
7,159,250

 
6,201,618

Automobiles (3 years)
847,905

 
855,018

Total
12,530,833

 
11,529,917

Less accumulated depreciation
(7,070,028
)
 
(7,204,379
)
Property and equipment, net
$
5,460,805

 
$
4,325,538


Included within furniture, fixtures and equipment is software developed by the Company for internal use. Capitalized costs include both direct and indirect costs, such as payroll costs of employees associated with developing software, incurred during the software development stage.
v2.4.1.9
Reserves for Claims (Tables)
12 Months Ended
Dec. 31, 2014
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:
 
2014
 
2013
 
2012
Balance, beginning of period
$
35,360,000

 
$
39,078,000

 
$
37,996,000

Provisions related to:
 
 
 
 
 
Current year
6,860,335

 
7,239,628

 
7,650,959

Prior year
(1,630,619
)
 
(7,811,224
)
 
(1,578,844
)
Total provision charged to operations
5,229,716

 
(571,596
)
 
6,072,115

Claims paid, net of recoveries, related to:
 
 
 
 
 
Current year
(102,947
)
 
(110,240
)
 
(76,288
)
Prior year
(3,809,769
)
 
(3,036,164
)
 
(4,913,827
)
Total claims paid, net of recoveries
(3,912,716
)
 
(3,146,404
)
 
(4,990,115
)
Balance, end of year
$
36,677,000

 
$
35,360,000

 
$
39,078,000

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:
 
2014
 
%
 
2013
 
%
Known title claims
$
5,364,645

 
14.6
 
$
4,670,809

 
13.2
IBNR
31,312,355

 
85.4
 
30,689,191

 
86.8
Total loss reserves
$
36,677,000

 
100.0
 
$
35,360,000

 
100.0
v2.4.1.9
Earnings Per Common Share and Share Awards (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31:
For the Years Ended December 31,
2014
 
2013
 
2012
Net income attributable to the Company
$
9,648,975

 
$
14,708,210

 
$
11,102,496

Weighted average common shares outstanding – Basic
2,031,760

 
2,056,169

 
2,081,703

Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share-settled)
5,774

 
20,459

 
35,090

Weighted average common shares outstanding – Diluted
2,037,534

 
2,076,628

 
2,116,793

Basic earnings per common share
$
4.75

 
$
7.15

 
$
5.33

Diluted earnings per common share
$
4.74

 
$
7.08

 
$
5.24

Summary Of Share-Based Award Transactions
A summary of share-based award transactions for all share-based award plans follows:
 
Number
Of Shares
 
Weighted
Average
Exercise
Price
 
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of January 1, 2012
101,600

 
$
29.81

 
3.91
 
$
697,780

SARs granted
3,000

 
50.50

 
 
 
 

Options exercised
(6,380
)
 
25.17

 
 
 
 

Options/SARs canceled/forfeited/expired
(70
)
 
31.00

 
 
 
 

Outstanding as of December 31, 2012
98,150

 
$
30.74

 
3.17
 
$
2,871,710

SARs granted
3,000

 
71.59

 
 
 
 

SARs exercised
(79,500
)
 
28.77

 
 
 
 
Options exercised
(2,650
)
 
28.63

 
 
 
 

Options/SARs canceled/forfeited/expired

 

 
 
 
 

Outstanding as of December 31, 2013
19,000

 
$
45.74

 
3.43
 
$
669,610

SARs granted
4,500

 
68.70

 
 
 
 

SARs exercised
(1,500
)
 
49.04

 
 
 
 

Options exercised
(1,000
)
 
27.21

 
 
 
 

Options/SARs canceled/forfeited/expired

 

 
 
 
 

Outstanding as of December 31, 2014
21,000

 
$
51.30

 
3.64
 
$
453,510

 
 
 
 
 
 
 
 
Exercisable as of December 31, 2014
19,875

 
$
50.32

 
3.49
 
$
448,785

 
 
 
 
 
 
 
 
Unvested as of December 31, 2014
1,125

 
$
68.70

 
6.39
 
$
4,725

Summary of Information of Fixed Stock Options
The following tables summarize information about fixed stock options outstanding at December 31, 2014:
 
 
 
 
 
 
Options Outstanding at Year-End
 
Options Exercisable at Year-End
Range of Exercise Prices
 
Number
Outstanding
 
Weighted
Average
Remaining
Contractual Life
 
Weighted
Average
Exercise
Price
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
$
36.79

 
 
$
36.79

 
1,500

 
0.38
 
$
36.79

 
1,500

 
$
36.79

$
36.79

 
 
$
36.79

 
1,500

 
0.38
 
$
36.79

 
1,500

 
$
36.79

 
 
 
 
 
 
SARs Outstanding at Year-End
 
SARs Exercisable at Year-End
Range of Exercise Prices
 
Number
Outstanding
 
Weighted
Average
Remaining
Contractual Life
 
Weighted
Average
Exercise
Price
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
$
32.00

 
 
$
33.30

 
2,000

 
1.39
 
$
32.00

 
2,000

 
$
32.00

33.31

 
 
41.49

 
2,500

 
2.38
 
33.31

 
2,500

 
33.31

41.50

 
 
71.59

 
15,000

 
4.48
 
58.33

 
13,875

 
57.49

$
32.00

 
 
$
71.59

 
19,500

 
3.89
 
$
52.42

 
18,375

 
$
51.43

Share-Based Valuation Assumptions
The weighted average fair values for the SARs issued during 2014, 2013 and 2012 were $28.98, $27.55 and $18.84, respectively, and were estimated using the weighted average assumptions shown in the table below.
 
2014
 
2013
 
2012
Expected Life in Years
6.9
 
5.0
 
5.0
Volatility
39.9%
 
44.6%
 
44.6%
Interest Rate
2.1%
 
1.3%
 
0.8%
Yield Rate
0.4%
 
0.5%
 
0.6%
Schedule of Weighted Average Grant Date Fair Value of Stock Awards Plans
The estimated weighted average grant-date fair value of SARs granted for the years ended December 31 was as follows:
For the Years Ended December 31,
2014
 
2013
 
2012
Exercise price equal to market price on date of grant:
 
 
 
 
 
Weighted average market price
$
68.70

 
$
71.59

 
$
50.50

Weighted average grant-date fair value
$
28.98

 
$
27.55

 
$
18.84

v2.4.1.9
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense
The components of income tax expense for the years ended December 31 are summarized as follows:
For the Years Ended December 31,
2014
 
2013
 
2012
Current:
 
 
 
 
 
Federal
$
3,121,000

 
$
4,873,000

 
$
5,018,000

State
84,000

 
69,000

 
163,000

Total current
3,205,000

 
4,942,000

 
5,181,000

Deferred:
 
 
 
 
 
Federal
620,156

 
1,805,215

 
(305,525
)
State
(9,156
)
 
(1,215
)
 
13,525

Total deferred
611,000

 
1,804,000

 
(292,000
)
Total
$
3,816,000

 
$
6,746,000

 
$
4,889,000

Schedule of Deferred Tax Assets and Liabilities
At December 31, the approximate tax effect of each component of deferred income tax assets and liabilities is summarized as follows:
For the Years Ended December 31,
2014
 
2013
Deferred income tax assets:
 
 
 
Accrued benefits and retirement services
$
3,061,144

 
$
3,074,164

Allowance for doubtful accounts
1,033,624

 
883,426

Other-than-temporary impairment of assets
323,089

 
319,962

Excess of book over tax depreciation
90,409

 
171,504

Postretirement benefit obligation
40,183

 
24,914

Reinsurance and commission payable
15,668

 
21,953

Net operating loss carryforward
25,000

 
5,000

Other
305,119

 
256,309

Total
4,894,236

 
4,757,232

Deferred income tax liabilities:
 
 
 
Net unrealized gain on investments
6,781,994

 
5,976,215

Recorded reserves for claims, net of statutory premium reserves
2,871,114

 
2,467,798

Other
656,621

 
327,202

Total
10,309,729

 
8,771,215

Net deferred income tax liabilities
$
(5,415,493
)
 
$
(4,013,983
)
Schedule of Reconciliation of Income Tax
A reconciliation of income tax as computed for the years ended December 31 at the U.S. federal statutory income tax rate of 34.3% for 2014, 34.1% for 2013 and 34.0% for 2012, respectively, to income tax expense follows:
For the Years Ended December 31,
2014
 
2013
 
2012
Anticipated income tax expense
$
4,626,555

 
$
7,346,074

 
$
5,467,168

Increase (decrease) related to:
 
 
 
 
 
State income taxes, net of federal income tax benefit
55,188

 
45,471

 
107,580

Tax-exempt interest income (net of amortization)
(876,365
)
 
(772,545
)
 
(757,005
)
Other, net
10,622

 
127,000

 
71,257

Provision for income taxes
$
3,816,000

 
$
6,746,000

 
$
4,889,000

v2.4.1.9
Leases (Tables)
12 Months Ended
Dec. 31, 2014
Leases [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases
The future minimum lease payments under operating leases that have initial or remaining noncancelable lease terms in excess of one year as of December 31, 2014, are summarized as follows:
Year Ended:
 
2015
$
625,263

2016
455,145

2017
274,356

2018
128,808

2019
13,886

Thereafter

Total
$
1,497,458

v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan (Tables)
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Components Of Net Periodic Benefits Cost
Cost of the Company’s postretirement benefits included the following components:
 
2014
 
2013
 
2012
Net periodic benefit cost
 
 
 
 
 
  Service cost – benefits earned during the year
$
14,667

 
$
15,782

 
$
12,617

  Interest cost on the projected benefit obligation
30,472

 
28,412

 
27,867

  Amortization (accretion) of unrecognized prior service cost
2,217

 
(1,518
)
 
9,396

  Amortization of unrecognized loss

 
6,293

 
680

Net periodic benefits cost at end of year
$
47,356

 
$
48,969

 
$
50,560

Schedule of Net Funded Status On The Balance Sheet
The effects of the funded status on the Company’s Consolidated Balance Sheets at December 31, 2014 and 2013 are presented in the following table:
 
2014
 
2013
Funded status
 
 
 
Actuarial present value of future benefits:
 
 
 
Fully eligible active employee
$
(409,492
)
 
$
(377,838
)
Non-eligible active employees
(362,045
)
 
(301,439
)
Plan assets

 

Funded status of accumulated postretirement benefit obligation, recognized in other liabilities
$
(771,537
)
 
$
(679,277
)
Development Of The Accumulated Postretirement Benefit Obligation
Development of the accumulated postretirement benefit obligation for the years ended December 31, 2014 and 2013 includes the following:
 
2014
 
2013
Accrued postretirement benefit obligation at beginning of year
$
(679,277
)
 
$
(712,296
)
Service cost – benefits earned during the year
(14,667
)
 
(15,782
)
Interest cost on projected benefit obligation
(30,472
)
 
(28,412
)
Actuarial (loss) gain
(47,121
)
 
77,213

Accrued postretirement benefit obligation at end of year
$
(771,537
)
 
$
(679,277
)
Changes in Amounts Related to Accumulated Other Comprehensive Income, Pre-Tax
The changes in amounts related to accumulated other comprehensive income, pre-tax, are as follows:
 
2014
 
2013
Balance at beginning of year
$
73,246

 
$
155,234

Components of accumulated other comprehensive income:
 
 
 
Unrecognized prior service (cost) credit
(2,217
)
 
1,518

Amortization of loss, net

 
(6,293
)
Actuarial loss (gain)
47,121

 
(77,213
)
Balance at end of year
$
118,150

 
$
73,246

Amounts in Accumulated Other Comprehensive Income, Pre-Tax, to be Recognized as Components of Net Periodic Benefit Costs
The amounts currently in accumulated other comprehensive income, pre-tax, that will be reclassified to the Consolidated Statements of Income and recognized as components of net periodic benefit costs in 2015 are:
 
Projected
2015
Amortization of unrecognized prior service cost
$
4,390

Amortization of unrecognized loss
3,514

Net periodic benefit cost at end of year
$
7,904

Effect of Net Periodic Postretirement Benefit Cost and Accumulated Postretirement Benefit Obligation
The following illustrates the effects on the net periodic postretirement benefit cost (“NPPBC”) and the accumulated postretirement benefit obligation (“APBO”) of a one percentage point increase and one percentage point decrease in the assumed health care cost trend rate as of December 31, 2014:
 
One
Percentage
Point
Increase
 
One
Percentage
Point
Decrease
Net periodic postretirement benefit cost
 
 
 
Effect on the service cost component
$
4,386

 
$
(3,344
)
Effect on interest cost
6,819

 
(5,267
)
Total effect on the net periodic postretirement benefit cost
$
11,205

 
$
(8,611
)
Accumulated postretirement benefit obligation (including active employees
who are not fully eligible)
 
 
 
Effect on those currently receiving benefits (retirees and spouses)
$

 
$

Effect on active fully eligible
75,677

 
(59,919
)
Effect on actives not yet eligible
94,798

 
(72,309
)
Total effect on the accumulated postretirement benefit obligation
$
170,475

 
$
(132,228
)
v2.4.1.9
Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Selected Financial Information About The Company's Operations By Segment
Provided below is selected financial information about the Company’s operations by segment for the periods ended December 31, 2014, 2013 and 2012:
2014
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
114,279,532

 
$
5,904,059

 
$
(1,592,100
)
 
$
118,591,491

Investment income
3,835,209

 
517,628

 
(93,336
)
 
4,259,501

Net realized gain on investments
213,709

 
54,585

 

 
268,294

Total revenues
$
118,328,450

 
$
6,476,272

 
$
(1,685,436
)
 
$
123,119,286

Operating expenses
105,290,627

 
5,862,577

 
(1,522,416
)
 
109,630,788

Income before income taxes
$
13,037,823

 
$
613,695

 
$
(163,020
)
 
$
13,488,498

Total assets
$
153,072,950

 
$
44,966,260

 
$

 
$
198,039,210

2013
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
118,153,904

 
$
5,507,069

 
$
(1,499,884
)
 
$
122,161,089

Investment income
3,599,106

 
388,838

 
(93,336
)
 
3,894,608

Net realized gain (loss) on investments
225,661

 
(29,861
)
 

 
195,800

Total revenues
$
121,978,671

 
$
5,866,046

 
$
(1,593,220
)
 
$
126,251,497

Operating expenses
99,899,804

 
6,239,155

 
(1,430,200
)
 
104,708,759

Income (loss) before income taxes
$
22,078,867

 
$
(373,109
)
 
$
(163,020
)
 
$
21,542,738

Total assets
$
146,110,146

 
$
42,195,670

 
$

 
$
188,305,816

2012
Title
Insurance
 
All
Other
 
Intersegment
Eliminations
 
Total
Insurance and other services revenues
$
106,496,802

 
$
4,931,574

 
$
(1,395,934
)
 
$
110,032,442

Investment income
3,492,998

 
571,999

 
(84,586
)
 
3,980,411

Net realized gain on investments
430,495

 
635,744

 

 
1,066,239

Total revenues
$
110,420,295

 
$
6,139,317

 
$
(1,480,520
)
 
$
115,079,092

Operating expenses
94,909,649

 
5,433,207

 
(1,343,671
)
 
98,999,185

Income before income taxes
$
15,510,646

 
$
706,110

 
$
(136,849
)
 
$
16,079,907

Total assets
$
136,042,848

 
$
35,875,428

 
$

 
$
171,918,276

v2.4.1.9
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets
The following table sets forth the approximate values by year found within each financial statement classification:
Financial Statement Classification,
2014
 
2013
Consolidated Balance Sheets
 
Other investments
$
6,014,000

 
$
5,320,000

Premiums and fees receivable
$
666,000

 
$
657,000

Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income
Financial Statement Classification,
 
 
 
Consolidated Statements of Income
2014
 
2013
 
2012
Net premiums written
$
11,783,000

 
$
12,442,000

 
$
15,558,000

Other income
$
2,043,000

 
$
1,839,000

 
$
2,238,000

Commissions to agents
$
8,049,000

 
$
8,465,000

 
$
10,923,000

v2.4.1.9
Acquisition (Tables)
12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]
The following table provides the effects of changes in ITIC's ownership interest in United, and the resulting impact on the Company's equity:
 
December 31, 2014
 
December 31, 2013
Net income attributable to the Company
$
9,648,975

 
$
14,708,210

Transfers from the redeemable controlling interest:
 
 
 
Decrease in paid-in capital for purchase of redeemable noncontrolling interest
(114,320
)
 

Net transfers from noncontrolling interest
(114,320
)
 

Change from net income attributable to the Company and transfers from redeemable noncontrolling interest
$
9,534,655

 
$
14,708,210

Reconciliation Of Total Redeemable Equity
The following table provides a reconciliation of total redeemable equity for the periods ended December 31, 2014, 2013 and 2012:
Changes in carrying value during the period ended:
2014
 
2013
 
2012
Beginning balance at January 1
$
545,489

 
$
493,861

 
$

Net income attributable to redeemable noncontrolling interest
23,523

 
88,528

 
88,411

Distributions to noncontrolling interest
(168,057
)
 
(36,900
)
 
(40,800
)
Redeemable noncontrolling interest resulting from subsidiary purchase
(515,275
)
 

 
446,250

Adjustment to retained earnings for purchase of noncontrolling interest
114,320

 

 

Balance, net
$

 
$
545,489

 
$
493,861

Schedule Of Aggregate Amortization Expense for Intangible Assets
The amortization of the non-compete contract will start at a future date when the related employment agreement is terminated.  There are currently no plans to terminate the employment agreement, and the Company does not believe it is probable that termination of the employment agreement will occur within the calendar year. Assuming that the amortization of the non-complete agreement begins on the first day of 2016, estimated aggregate amortization expense for each of the five succeeding fiscal years are as follows:
Year Ended:
 
2015
$
69,685

2016
134,253

2017
134,253

2018
134,253

2019
134,253

Thereafter
683,572

Total
$
1,290,269

v2.4.1.9
Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2014
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule Of Changes In Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax
The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended December 31, 2014, 2013 and 2012:
2014
Unrealized Gains and Losses
On Available-for-Sale
Securities
 
Postretirement
Benefits Plans
 
 
Total
Beginning balance at January 1
$
11,395,757

 
$
(48,353
)
 
$
11,347,404

Other comprehensive income (loss) before reclassifications
1,874,111

 
(31,100
)
 
1,843,011

Amounts reclassified from accumulated other comprehensive income (loss)
(335,371
)
 
1,465

 
(333,906
)
Net current-period other comprehensive income (loss)
1,538,740

 
(29,635
)
 
1,509,105

Ending balance
$
12,934,497

 
$
(77,988
)
 
$
12,856,509

2013
Unrealized Gains and Losses
On Available-for-Sale
Securities
 
Postretirement
Benefits Plans
 
 
Total
Beginning balance at January 1
$
8,920,884

 
$
(102,454
)
 
$
8,818,430

Other comprehensive income before reclassifications
2,605,184

 
50,961

 
2,656,145

Amounts reclassified from accumulated other comprehensive income
(130,311
)
 
3,140

 
(127,171
)
Net current-period other comprehensive income
2,474,873

 
54,101

 
2,528,974

Ending balance
$
11,395,757

 
$
(48,353
)
 
$
11,347,404

2012
Unrealized Gains and Losses
On Available-for-Sale
Securities
 
Postretirement
Benefits Plans
 
 
Total
Beginning balance at January 1
$
7,563,541

 
$
(54,376
)
 
$
7,509,165

Other comprehensive income (loss) before reclassifications
2,032,134

 
(54,726
)
 
1,977,408

Amounts reclassified from accumulated other comprehensive income (loss)
(674,791
)
 
6,648

 
(668,143
)
Net current-period other comprehensive income (loss)
1,357,343

 
(48,078
)
 
1,309,265

Ending balance
$
8,920,884

 
$
(102,454
)
 
$
8,818,430

Schedule Of Reclassification Out Of Accumulated Other Comprehensive Income
The following tables provide significant amounts reclassified out of each component of accumulated other comprehensive income for the periods ended December 31, 2014, 2013 and 2012:
2014
 

 
Details about Accumulated Other
Comprehensive Income Components
Amount Reclassified from
Accumulated Other
Comprehensive Income

 Affected Line Item in the Consolidated
Statements of Income
Unrealized gains and losses on available-for-sale securities:
 

 
Net realized gain on investment
$
518,279


 
Other-than-temporary impairments
(14,542
)

 
Total
$
503,737


Net realized gain on investment
Tax
(168,366
)

Provision for Income Taxes
Net of Tax
$
335,371


 
Amortization related to postretirement benefit plans:
 


 
Prior year service cost
$
(2,217
)

 
Unrecognized gain (loss)


 
Total
$
(2,217
)

(a)
Tax
752


Provision for Income Taxes
Net of Tax
$
(1,465
)

 
Reclassifications for the period
$
333,906


 
2013
 
 
 
Details about Accumulated Other
Comprehensive Income Components
Amount Reclassified from
Accumulated Other
Comprehensive Income
 
 Affected Line Item in the Consolidated
Statements of Income
Unrealized gains and losses on available-for-sale securities:
 
 
 
Net realized gain on investment
$
229,869

 
 
Other-than-temporary impairments
(34,070
)
 
 
Total
$
195,799

 
Net realized gain on investment
Tax
(65,488
)
 
Provision for Income Taxes
Net of Tax
$
130,311

 
 
Accretion (amortization) related to postretirement benefit plans:
 

 
 
Prior year service cost
$
1,518

 
 
Unrecognized loss
(6,293
)
 
 
Total
$
(4,775
)
 
(a)
Tax
1,635

 
Provision for Income Taxes
Net of Tax
$
(3,140
)
 
 
Reclassifications for the period
$
127,171

 
 
2012
 
 
 
Details about Accumulated Other
Comprehensive Income Components
Amount Reclassified from
Accumulated Other
Comprehensive Income
 
 Affected Line Item in the Consolidated
Statements of Income
Unrealized gains and losses on available-for-sale securities:
 
 
 
Net realized gain on investment
$
1,166,179

 
 
Other-than-temporary impairments
(99,940
)
 
 
Total
$
1,066,239

 
Net realized gain on investment
Tax
(391,448
)
 
Provision for Income Taxes
Net of Tax
$
674,791

 
 
Amortization related to postretirement benefit plans:
 

 
 
Prior year service cost
$
(9,396
)
 
 
Unrecognized loss
(680
)
 
 
Total
$
(10,076
)
 
(a)
Tax
3,428

 
Provision for Income Taxes
Net of Tax
$
(6,648
)
 
 
Reclassifications for the period
$
668,143

 
 

(a)
These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 10.
v2.4.1.9
Basis Of Presentation and Significant Accounting Policies (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Subsidiary
State
Dec. 31, 2013
Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Line Items]      
Number of title insurance subsidiaries 2itic_NumberOfTitleInsuranceSubsidiaries    
Number of States in which Entity operates 22us-gaap_NumberOfStatesInWhichEntityOperates    
Excess Tax Benefit from Share-based Compensation, Financing Activities $ 15,999us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $ 946,605us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $ 22,101us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cost method investment, aggregate cost 2,423,408itic_CostMethodInvestmentAggregateCost 1,834,229itic_CostMethodInvestmentAggregateCost  
Premium collection period before reserved 7 months    
Unrealized holding gains on available-for-sale securities 12,934,497us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 11,395,757us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 8,920,884us-gaap_AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
Amount recognized in accumulated other comprehensive income, net of tax 77,988us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax 48,353us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax 102,454us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax
Potential claim payment period after policy issuance 20 years    
Minimum      
Organization, Consolidation and Presentation of Financial Statements [Line Items]      
Property and equipment useful life 3 years    
Lag time between Policy effective dates and transaction reporting dates 0 days    
Transaction reporting period 60 days    
Maximum      
Organization, Consolidation and Presentation of Financial Statements [Line Items]      
Property and equipment useful life 25 years    
Lag time between Policy effective dates and transaction reporting dates 180 days    
Transaction reporting period 90 days    
Restatement Adjustment [Member]      
Organization, Consolidation and Presentation of Financial Statements [Line Items]      
Excess Tax Benefit from Share-based Compensation, Financing Activities   $ 946,605us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember
$ 22,101us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ us-gaap_StatementScenarioAxis
= us-gaap_RestatementAdjustmentMember
v2.4.1.9
Statutory Restrictions on Consolidated Stockholders' Equity and Investments (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Statutory Restrictions on Consolidated Stockholders' Equity and Investments [Abstract]      
Combined capital and surplus on statutory basis $ 127,314,429us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance $ 119,897,974us-gaap_StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance  
Net income statutory basis 9,737,634us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount 11,858,699us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount 11,035,792us-gaap_StatutoryAccountingPracticesStatutoryNetIncomeAmount
Statutory accounting statutory premium and supplemental reserves 48,423,000itic_StatutoryAccountingStatutoryPremiumAndSupplementalReserves 47,405,000itic_StatutoryAccountingStatutoryPremiumAndSupplementalReserves  
Amount available for dividend distribution with approval from regulatory agencies 90,384,000us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithRegulatoryApproval 83,311,000us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPaymentsWithRegulatoryApproval  
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments 9,937,000us-gaap_StatutoryAccountingPracticesStatutoryAmountAvailableForDividendPayments    
Investments on deposit with state insurance departments $ 7,060,000itic_InvestmentsOnDepositWithStateInsuranceDepartments $ 7,022,000itic_InvestmentsOnDepositWithStateInsuranceDepartments  
v2.4.1.9
Investments in Securities and Fair Value (Details) (USD $)
12 Months Ended
Dec. 31, 2014
security
Dec. 31, 2013
security
Dec. 31, 2012
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]      
Available-for-sale, fixed maturity $ 109,048,290us-gaap_AvailableForSaleSecuritiesDebtSecurities $ 91,445,413us-gaap_AvailableForSaleSecuritiesDebtSecurities  
Available for sale securities, equity securities 39,254,981us-gaap_AvailableForSaleSecuritiesEquitySecurities 36,144,065us-gaap_AvailableForSaleSecuritiesEquitySecurities  
Number of securities with unrealized losses 25itic_NumberOfSecuritiesWithUnrealizedLosses 26itic_NumberOfSecuritiesWithUnrealizedLosses  
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net 14,542us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities 0us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities 93,436us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
Fixed maturities      
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]      
Available-for-sale, fixed maturity 14,166,991us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_FixedMaturitiesMember
21,150,675us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_FixedMaturitiesMember
 
Available for sale securities, unrealized losses 146,383itic_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_FixedMaturitiesMember
497,607itic_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_FixedMaturitiesMember
 
Equity securities      
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]      
Available for sale securities, unrealized losses 99,231itic_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_EquitySecuritiesMember
109,084itic_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLossesAccumulatedInInvestments
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_EquitySecuritiesMember
 
Available for sale securities, equity securities 1,071,488us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_EquitySecuritiesMember
2,280,900us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_EquitySecuritiesMember
 
Auction rate securities      
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]      
Difference in low to high range values as percent of carrying value 1.00%itic_DebtInstrumentDifferenceInLowToHighRangeValuesAsPercentageOfCarryingValue
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_AuctionRateSecuritiesMember
4.00%itic_DebtInstrumentDifferenceInLowToHighRangeValuesAsPercentageOfCarryingValue
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_AuctionRateSecuritiesMember
 
Level 3 | Auction rate securities      
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]      
Securities par value $ 1,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_AuctionRateSecuritiesMember
$ 1,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_AuctionRateSecuritiesMember
 
Percent of securities par value guaranteed by the U.S. Department of Education 97.00%itic_DebtInstrumentParValuePercentGuaranteed
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_AuctionRateSecuritiesMember
97.00%itic_DebtInstrumentParValuePercentGuaranteed
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentAxis
= us-gaap_AuctionRateSecuritiesMember
 
v2.4.1.9
Investments in Securities and Fair Value Schedule of Gross Unrealized Gains and Losses and Amortized Cost for Securities (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Available-for-sale Securities [Abstract]    
Amortized Cost $ 104,421,050us-gaap_AvailableForSaleSecuritiesAmortizedCost $ 87,980,160us-gaap_AvailableForSaleSecuritiesAmortizedCost
Gross Unrealized Gains 4,773,623itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments 3,962,860itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
Gross Unrealized Losses 146,383itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments 497,607itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
Estimated Fair Value 109,048,290us-gaap_AvailableForSaleSecurities 91,445,413us-gaap_AvailableForSaleSecurities
Amortized Cost 24,128,753us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis 22,200,369us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis
Gross Unrealized Gains 15,225,459itic_AvailableForSaleEquitySecuritiesGrossUnrealizedGains 14,052,780itic_AvailableForSaleEquitySecuritiesGrossUnrealizedGains
Gross Unrealized Losses 99,231itic_AvailableForSaleEquitySecuritiesGrossUnrealizedLosses 109,084itic_AvailableForSaleEquitySecuritiesGrossUnrealizedLosses
Estimated Fair Value 39,254,981itic_AvailableForSaleEquitySecuritiesEstimatedFairValue 36,144,065itic_AvailableForSaleEquitySecuritiesEstimatedFairValue
Short Term Investments Amortized Cost Basis 2,576,993itic_ShortTermInvestmentsAmortizedCostBasis 7,926,373itic_ShortTermInvestmentsAmortizedCostBasis
Short Term Investments Gross Unrealized Gains 0itic_ShortTermInvestmentsGrossUnrealizedGains 0itic_ShortTermInvestmentsGrossUnrealizedGains
Short Term Investments Gross Unrealized Losses 0itic_ShortTermInvestmentsGrossUnrealizedLosses 0itic_ShortTermInvestmentsGrossUnrealizedLosses
Short Term Investments Estimated Fair Value 2,576,993itic_ShortTermInvestmentsEstimatedFairValue 7,926,373itic_ShortTermInvestmentsEstimatedFairValue
General obligations of U.S. states, territories and political subdivisions    
Available-for-sale Securities [Abstract]    
Amortized Cost 35,215,247us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
38,449,309us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Gross Unrealized Gains 1,527,794itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
1,922,862itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Gross Unrealized Losses 19,542itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
184,351itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Estimated Fair Value 36,723,499us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
40,187,820us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Issuer obligations of U.S. states, territories and political subdivisions special revenue    
Schedule of Trading Securities and Other Trading Assets [Line Items]    
Number of Special Revenue Bonds 30itic_NumberofSpecialRevenueBonds
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
 
Available-for-sale Securities [Abstract]    
Amortized Cost 46,707,033us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
30,874,571us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Gross Unrealized Gains 2,405,725itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
1,234,130itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Gross Unrealized Losses 55,502itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
204,800itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Estimated Fair Value 49,057,256us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
31,903,901us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Corporate debt securities    
Available-for-sale Securities [Abstract]    
Amortized Cost 21,576,641us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
17,736,608us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Gross Unrealized Gains 823,133itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
789,840itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Gross Unrealized Losses 71,339itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
108,456itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Estimated Fair Value 22,328,435us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
18,417,992us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Auction rate securities    
Available-for-sale Securities [Abstract]    
Amortized Cost 922,129us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
919,672us-gaap_AvailableForSaleSecuritiesAmortizedCost
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
Gross Unrealized Gains 16,971itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
16,028itic_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
Gross Unrealized Losses 0itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
0itic_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
Estimated Fair Value 939,100us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
935,700us-gaap_AvailableForSaleSecurities
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
Common stocks and nonredeemable preferred stocks    
Available-for-sale Securities [Abstract]    
Amortized Cost 24,128,753us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
22,200,369us-gaap_AvailableForSaleEquitySecuritiesAmortizedCostBasis
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
Gross Unrealized Gains 15,225,459itic_AvailableForSaleEquitySecuritiesGrossUnrealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
14,052,780itic_AvailableForSaleEquitySecuritiesGrossUnrealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
Gross Unrealized Losses 99,231itic_AvailableForSaleEquitySecuritiesGrossUnrealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
109,084itic_AvailableForSaleEquitySecuritiesGrossUnrealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
Estimated Fair Value 39,254,981itic_AvailableForSaleEquitySecuritiesEstimatedFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
36,144,065itic_AvailableForSaleEquitySecuritiesEstimatedFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
Money market funds and certificates of deposit    
Available-for-sale Securities [Abstract]    
Short Term Investments Amortized Cost Basis 2,576,993itic_ShortTermInvestmentsAmortizedCostBasis
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
7,926,373itic_ShortTermInvestmentsAmortizedCostBasis
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
Short Term Investments Gross Unrealized Gains 0itic_ShortTermInvestmentsGrossUnrealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
0itic_ShortTermInvestmentsGrossUnrealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
Short Term Investments Gross Unrealized Losses 0itic_ShortTermInvestmentsGrossUnrealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
0itic_ShortTermInvestmentsGrossUnrealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
Short Term Investments Estimated Fair Value $ 2,576,993itic_ShortTermInvestmentsEstimatedFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
$ 7,926,373itic_ShortTermInvestmentsEstimatedFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CertificatesOfDepositAndOtherMember
v2.4.1.9
Investments in Securities and Fair Value Schedule of Fixed Maturity Securities (Details) (USD $)
Dec. 31, 2014
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]  
Due in one year or less $ 13,682,264us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
Due after one year through five years 52,358,705us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
Due five years through ten years 36,385,776us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
Due after ten years 1,994,305us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
Total 104,421,050us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]  
Due after one year through five years 13,844,384us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
Due after one year through five years 54,918,427us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
Due five years through ten years 37,703,640us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
Due after ten years 2,581,839us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
Total $ 109,048,290itic_AvailableForSaleDebtSecuritiesEstimatedFairValue
v2.4.1.9
Investments in Securities and Fair Value Schedule of Earnings on Investments (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Schedule of Investment Income, Reported Amounts, by Category [Line Items]      
Investment income $ 4,259,501us-gaap_InvestmentIncomeNet $ 3,894,608us-gaap_InvestmentIncomeNet $ 3,980,411us-gaap_InvestmentIncomeNet
Fixed maturities      
Schedule of Investment Income, Reported Amounts, by Category [Line Items]      
Investment income 3,282,810us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedMaturitiesMember
2,997,901us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedMaturitiesMember
3,154,131us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedMaturitiesMember
Equity securities      
Schedule of Investment Income, Reported Amounts, by Category [Line Items]      
Investment income 973,419us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
890,917us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
815,674us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Invested cash and other short-term investments      
Schedule of Investment Income, Reported Amounts, by Category [Line Items]      
Investment income 3,202us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CashAndCashEquivalentsMember
5,754us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CashAndCashEquivalentsMember
10,576us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CashAndCashEquivalentsMember
Miscellaneous interest      
Schedule of Investment Income, Reported Amounts, by Category [Line Items]      
Investment income $ 70us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_MiscellaneousInterestMember
$ 36us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_MiscellaneousInterestMember
$ 30us-gaap_InvestmentIncomeNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_MiscellaneousInterestMember
v2.4.1.9
Investments in Securities and Fair Value Schedule of Gross Realized Gains (Losses) on Securities (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]      
Gross realized gains $ 1,028,133us-gaap_AvailableForSaleSecuritiesGrossRealizedGains $ 369,673us-gaap_AvailableForSaleSecuritiesGrossRealizedGains $ 714,168us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
Gross realized losses (524,396)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses (180,169)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses (185,411)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
Net realized gain 503,737us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 189,504us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet 528,757us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet
Impairments of other assets and investments (10,062)us-gaap_OtherAssetImpairmentCharges (34,070)us-gaap_OtherAssetImpairmentCharges (6,504)us-gaap_OtherAssetImpairmentCharges
Net gain on other assets and investments 45,288itic_GainsonOtherAssetsandInvestments 48,946itic_GainsonOtherAssetsandInvestments 543,986itic_GainsonOtherAssetsandInvestments
Net loss on other assets and investments (270,669)itic_RealizedLossesonOtherAssetsandInvestments (8,580)itic_RealizedLossesonOtherAssetsandInvestments 0itic_RealizedLossesonOtherAssetsandInvestments
Realized Investment Gains (Losses) (235,443)us-gaap_RealizedInvestmentGainsLosses 6,296us-gaap_RealizedInvestmentGainsLosses 537,482us-gaap_RealizedInvestmentGainsLosses
Gain (Loss) on Investments 268,294us-gaap_GainLossOnInvestments 195,800us-gaap_GainLossOnInvestments 1,066,239us-gaap_GainLossOnInvestments
General obligations of U.S. states, territories and political subdivisions      
Schedule of Available-for-sale Securities [Line Items]      
Gross realized gains 0us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
250us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Corporate debt securities      
Schedule of Available-for-sale Securities [Line Items]      
Gross realized gains 6,670us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
52,396us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Common stocks and nonredeemable preferred stocks      
Schedule of Available-for-sale Securities [Line Items]      
Gross realized gains 1,021,463us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
369,673us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
450,461us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
Gross realized losses (509,854)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
(180,169)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
(91,975)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_CommonStocksAndNonredeemablePreferredStocksMember
Auction rate securities      
Schedule of Available-for-sale Securities [Line Items]      
Gross realized gains 0us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
211,061us-gaap_AvailableForSaleSecuritiesGrossRealizedGains
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AuctionRateSecuritiesMember
Other Than Temporary Impairment Of Securities      
Schedule of Available-for-sale Securities [Line Items]      
Gross realized losses $ (14,542)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_OtherThanTemporaryImpairmentOfSecuritiesMember
$ 0us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_OtherThanTemporaryImpairmentOfSecuritiesMember
$ (93,436)us-gaap_AvailableForSaleSecuritiesGrossRealizedLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_OtherThanTemporaryImpairmentOfSecuritiesMember
v2.4.1.9
Investments in Securities and Fair Value Schedule of Unrealized Losses on Investments (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]    
Available-for-sale Securities, Less than Twelve Months, Fair Value $ 13,914,809us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue $ 23,186,646us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
Available-for-sale Securities, Less than 12 Months, Aggregate Losses (176,003)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses (570,605)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
Available-for-sale Securities, Twelve Months or Longer, Fair Value 1,323,670us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue 244,929us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
Available-for-sale Securities, 12 Months or Longer, Aggregate Losses (69,611)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses (36,086)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
Available-for-sale Securities, Total Fair Value 15,238,479us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue 23,431,575us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
Available-for-sale Securities, Total Aggregate Losses (245,614)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses (606,691)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
General obligations of U.S. states, territories and political subdivisions    
Schedule of Available-for-sale Securities [Line Items]    
Available-for-sale Securities, Less than Twelve Months, Fair Value 2,113,194us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
4,198,012us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Available-for-sale Securities, Less than 12 Months, Aggregate Losses (19,542)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
(184,351)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Available-for-sale Securities, Twelve Months or Longer, Fair Value 0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Available-for-sale Securities, 12 Months or Longer, Aggregate Losses 0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Available-for-sale Securities, Total Fair Value 2,113,194us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
4,198,012us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Available-for-sale Securities, Total Aggregate Losses (19,542)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
(184,351)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_GeneralObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesMember
Issuer obligations of U.S. states, territories and political subdivisions special revenue    
Schedule of Available-for-sale Securities [Line Items]    
Available-for-sale Securities, Less than Twelve Months, Fair Value 3,946,977us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
11,010,093us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Available-for-sale Securities, Less than 12 Months, Aggregate Losses (13,453)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
(204,800)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Available-for-sale Securities, Twelve Months or Longer, Fair Value 1,182,390us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Available-for-sale Securities, 12 Months or Longer, Aggregate Losses (42,049)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Available-for-sale Securities, Total Fair Value 5,129,367us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
11,010,093us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Available-for-sale Securities, Total Aggregate Losses (55,502)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
(204,800)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= itic_IssuerObligationsUsStatesAndPoliticalSubdivisionsDebtSecuritiesSpecialRevenuesMember
Corporate debt securities    
Schedule of Available-for-sale Securities [Line Items]    
Available-for-sale Securities, Less than Twelve Months, Fair Value 6,924,430us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
5,942,570us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Available-for-sale Securities, Less than 12 Months, Aggregate Losses (71,339)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
(108,456)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Available-for-sale Securities, Twelve Months or Longer, Fair Value 0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Available-for-sale Securities, 12 Months or Longer, Aggregate Losses 0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Available-for-sale Securities, Total Fair Value 6,924,430us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
5,942,570us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Available-for-sale Securities, Total Aggregate Losses (71,339)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
(108,456)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Total fixed maturity securities    
Schedule of Available-for-sale Securities [Line Items]    
Available-for-sale Securities, Less than Twelve Months, Fair Value 12,984,601us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
21,150,675us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
Available-for-sale Securities, Less than 12 Months, Aggregate Losses (104,334)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
(497,607)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
Available-for-sale Securities, Twelve Months or Longer, Fair Value 1,182,390us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
Available-for-sale Securities, 12 Months or Longer, Aggregate Losses (42,049)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
0us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
Available-for-sale Securities, Total Fair Value 14,166,991us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
21,150,675us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
Available-for-sale Securities, Total Aggregate Losses (146,383)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
(497,607)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_FixedIncomeSecuritiesMember
Equity securities    
Schedule of Available-for-sale Securities [Line Items]    
Available-for-sale Securities, Less than Twelve Months, Fair Value 930,208us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
2,035,971us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Available-for-sale Securities, Less than 12 Months, Aggregate Losses (71,669)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
(72,998)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Available-for-sale Securities, Twelve Months or Longer, Fair Value 141,280us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
244,929us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Available-for-sale Securities, 12 Months or Longer, Aggregate Losses (27,562)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
(36,086)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Available-for-sale Securities, Total Fair Value 1,071,488us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
2,280,900us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
Available-for-sale Securities, Total Aggregate Losses $ (99,231)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
$ (109,084)us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_EquitySecuritiesMember
v2.4.1.9
Investments in Securities and Fair Value Schedule of Assumptions Used to Determine Fair Value (Details)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]    
Cumulative probability of earning maximum rate until maturity 0.00%itic_PercentageOfCumulativeProbabilityOfEarningMaximumRateUntilMaturity 0.00%itic_PercentageOfCumulativeProbabilityOfEarningMaximumRateUntilMaturity
Cumulative probability of principle returned prior to maturity 95.20%itic_PercentageOfCumulativeProbabilityOfPrincipleReturnedPriorToMaturity 95.60%itic_PercentageOfCumulativeProbabilityOfPrincipleReturnedPriorToMaturity
Cumulative probability of default at some future point 4.80%itic_PercentageOfCumulativeProbabilityOfDefaultAtSomeFuturePoint 4.40%itic_PercentageOfCumulativeProbabilityOfDefaultAtSomeFuturePoint
v2.4.1.9
Investments in Securities and Fair Value Schedule of Fair Value Assets Measured on Recurring Basis (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments $ 2,576,993us-gaap_ShortTermInvestments $ 7,926,373us-gaap_ShortTermInvestments
Available for sale securities, equity securities 39,254,981us-gaap_AvailableForSaleSecuritiesEquitySecurities 36,144,065us-gaap_AvailableForSaleSecuritiesEquitySecurities
Available-for-sale, fixed maturity 109,048,290us-gaap_AvailableForSaleSecuritiesDebtSecurities 91,445,413us-gaap_AvailableForSaleSecuritiesDebtSecurities
Total 150,880,264us-gaap_AssetsFairValueDisclosure 135,515,851us-gaap_AssetsFairValueDisclosure
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments 2,576,993us-gaap_ShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
7,926,373us-gaap_ShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Total 41,831,974us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
44,070,438us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments 0us-gaap_ShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_ShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Total 108,109,190us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
90,509,713us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Short-term investments 0us-gaap_ShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_ShortTermInvestments
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
Total 939,100us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
935,700us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
Common stocks and nonredeemable preferred stock    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available for sale securities, equity securities 39,254,981us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
36,144,065us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
Common stocks and nonredeemable preferred stock | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available for sale securities, equity securities 39,254,981us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
36,144,065us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Common stocks and nonredeemable preferred stock | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available for sale securities, equity securities 0us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Common stocks and nonredeemable preferred stock | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available for sale securities, equity securities 0us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= itic_CommonStockAndNonredeemablePreferredStockMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
Obligations of U.S. states, territories and political subdivisions    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity 85,780,755us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
[1] 72,091,721us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
[1]
Obligations of U.S. states, territories and political subdivisions | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity 0us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
[1] 0us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
[1]
Obligations of U.S. states, territories and political subdivisions | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity 85,780,755us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1] 72,091,721us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1]
Obligations of U.S. states, territories and political subdivisions | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity 0us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1] 0us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1]
Corporate debt securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity 23,267,535us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
19,353,692us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
Corporate debt securities | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity 0us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Corporate debt securities | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity 22,328,435us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
18,417,992us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Corporate debt securities | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale, fixed maturity $ 939,100us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
$ 935,700us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ us-gaap_EligibleItemOrGroupForFairValueOptionAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1] Denotes fair market value obtained from pricing services.
v2.4.1.9
Investments in Securities and Fair Value Schedule of Carrying Value and Fair Value of Financial Assets (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Financial Assets        
Cash and cash equivalents, carrying value $ 15,826,515us-gaap_CashAndCashEquivalentsAtCarryingValue $ 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue $ 20,810,018us-gaap_CashAndCashEquivalentsAtCarryingValue $ 18,042,258us-gaap_CashAndCashEquivalentsAtCarryingValue
Cost-basis investments, carrying value 2,516,608us-gaap_CostMethodInvestments 1,927,429us-gaap_CostMethodInvestments    
Accrued dividends and interest, carrying value 1,063,837itic_AccruedDividendsAndInterestCarryingValue 1,006,698itic_AccruedDividendsAndInterestCarryingValue    
Financial assets disclosed, carrying value 19,406,960itic_FinancialAssetsDisclosedCarryingValue 26,560,888itic_FinancialAssetsDisclosedCarryingValue    
Cash and cash equivalents, estimated fair value 15,826,515us-gaap_CashAndCashEquivalentsFairValueDisclosure 23,626,761us-gaap_CashAndCashEquivalentsFairValueDisclosure    
Cost-basis investments, estimated fair value 2,675,817us-gaap_CostMethodInvestmentsFairValueDisclosure 2,069,302us-gaap_CostMethodInvestmentsFairValueDisclosure    
Accrued dividends and interest, estimated fair value 1,063,837itic_AccruedDividendsAndInterestEstimatedFairValue 1,006,698itic_AccruedDividendsAndInterestEstimatedFairValue    
Financial assets disclosed, estimated fair value 19,566,169us-gaap_AssetsFairValueDisclosureRecurring 26,702,761us-gaap_AssetsFairValueDisclosureRecurring    
Financial Liabilities        
Contingent consideration, carrying value   341,250itic_BusinessAcquisitionContingentConsiderationAtCarryingValue    
Financial liabilities, carrying value   341,250itic_FinancialLiabilitiesCarryingValue    
Business Combination, Contingent Consideration, Liability   341,250us-gaap_BusinessCombinationContingentConsiderationLiability    
Financial liabilities, estimated fair value   341,250us-gaap_LiabilitiesFairValueDisclosureRecurring    
Level 1        
Financial Assets        
Cash and cash equivalents, estimated fair value 15,826,515us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
23,626,761us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Cost-basis investments, estimated fair value 0us-gaap_CostMethodInvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_CostMethodInvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Accrued dividends and interest, estimated fair value 1,063,837itic_AccruedDividendsAndInterestEstimatedFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
1,006,698itic_AccruedDividendsAndInterestEstimatedFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Financial assets disclosed, estimated fair value 16,890,352us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
24,633,459us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Financial Liabilities        
Business Combination, Contingent Consideration, Liability   0us-gaap_BusinessCombinationContingentConsiderationLiability
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Financial liabilities, estimated fair value   0us-gaap_LiabilitiesFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
   
Level 2        
Financial Assets        
Cash and cash equivalents, estimated fair value 0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Cost-basis investments, estimated fair value 0us-gaap_CostMethodInvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_CostMethodInvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Accrued dividends and interest, estimated fair value 0itic_AccruedDividendsAndInterestEstimatedFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0itic_AccruedDividendsAndInterestEstimatedFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Financial assets disclosed, estimated fair value 0us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Financial Liabilities        
Business Combination, Contingent Consideration, Liability   0us-gaap_BusinessCombinationContingentConsiderationLiability
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Financial liabilities, estimated fair value   0us-gaap_LiabilitiesFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
   
Level 3        
Financial Assets        
Cash and cash equivalents, estimated fair value 0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
0us-gaap_CashAndCashEquivalentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Cost-basis investments, estimated fair value 2,675,817us-gaap_CostMethodInvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
2,069,302us-gaap_CostMethodInvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Accrued dividends and interest, estimated fair value 0itic_AccruedDividendsAndInterestEstimatedFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
0itic_AccruedDividendsAndInterestEstimatedFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Financial assets disclosed, estimated fair value 2,675,817us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
2,069,302us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Financial Liabilities        
Business Combination, Contingent Consideration, Liability   341,250us-gaap_BusinessCombinationContingentConsiderationLiability
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
Financial liabilities, estimated fair value   $ 341,250us-gaap_LiabilitiesFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
   
v2.4.1.9
Investments in Securities and Fair Value Schedule of Fair Value Assets Measured at Unobservable Inputs Reconciliation (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance at January 1 $ 935,700us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue $ 932,200us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Redemptions and sales 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
Realized gain – included in net realized gain on investments 0itic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings 0itic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainIncludedInEarnings
Realized loss – included in net realized gain on investments 0itic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings 0itic_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetLossIncludedInEarnings
Unrealized gain - included in other comprehensive income 3,400us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss 3,500us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
Ending balance at December 31 $ 939,100us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue $ 935,700us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
v2.4.1.9
Investments in Securities and Fair Value Schedule of Changing in Fair Value of Liabilities on Recurring Basis Using Significant Unobservable Inputs (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance at January 1 $ 341,250us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue $ 691,250us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
Addition of contingent consideration 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
Payment for contingent consideration (341,250)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements (350,000)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
Ending balance, net $ 0us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue $ 341,250us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
v2.4.1.9
Investments in Securities and Fair Value Schedule of Estimated Fair Value Hierarchy of Investments and Related Impairments Recognized (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total at Estimated Fair Value $ 22,682us-gaap_InvestmentsFairValueDisclosure $ 32,744us-gaap_InvestmentsFairValueDisclosure
Impairment Losses (10,062)us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss (34,070)us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total at Estimated Fair Value 0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total at Estimated Fair Value 0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total at Estimated Fair Value 22,682us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
32,744us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
Cost-basis investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Valuation Method Fair Value Fair Value
Impaired Yes Yes
Total at Estimated Fair Value 22,682us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
32,744us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
Impairment Losses (10,062)us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
(34,070)us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
Cost-basis investments | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total at Estimated Fair Value 0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
Cost-basis investments | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total at Estimated Fair Value 0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
0us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
Cost-basis investments | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total at Estimated Fair Value $ 22,682us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
$ 32,744us-gaap_InvestmentsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_GainLossOnInvestmentsByCategoryAxis
= us-gaap_CostmethodInvestmentsMember
v2.4.1.9
Property and Equipment (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 12,530,833us-gaap_PropertyPlantAndEquipmentGross $ 11,529,917us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation (7,070,028)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (7,204,379)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property and equipment, net 5,460,805us-gaap_PropertyPlantAndEquipmentNet 4,325,538us-gaap_PropertyPlantAndEquipmentNet
Minimum    
Property, Plant and Equipment [Line Items]    
Property and equipment useful life 3 years  
Maximum    
Property, Plant and Equipment [Line Items]    
Property and equipment useful life 25 years  
Land    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 1,107,582us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_LandMember
1,107,582us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_LandMember
Office buildings and improvements (25 years)    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 3,416,096us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_BuildingMember
3,365,699us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_BuildingMember
Property and equipment useful life 25 years  
Office buildings and improvements (25 years) | Minimum    
Property, Plant and Equipment [Line Items]    
Property and equipment useful life 3 years  
Office buildings and improvements (25 years) | Maximum    
Property, Plant and Equipment [Line Items]    
Property and equipment useful life 25 years  
Furniture, fixtures and equipment (3 to 10 years)    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 7,159,250us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_FurnitureAndFixturesMember
6,201,618us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_FurnitureAndFixturesMember
Furniture, fixtures and equipment (3 to 10 years) | Minimum    
Property, Plant and Equipment [Line Items]    
Property and equipment useful life 3 years  
Furniture, fixtures and equipment (3 to 10 years) | Maximum    
Property, Plant and Equipment [Line Items]    
Property and equipment useful life 10 years  
Automobiles (3 years)    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 847,905us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_AutomobilesMember
$ 855,018us-gaap_PropertyPlantAndEquipmentGross
/ us-gaap_PropertyPlantAndEquipmentByTypeAxis
= us-gaap_AutomobilesMember
Property and equipment useful life 3 years  
v2.4.1.9
Reinsurance (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Reinsurance Disclosures [Abstract]      
Assumed premiums written $ 38us-gaap_AssumedPremiumsWritten $ 6us-gaap_AssumedPremiumsWritten $ 16us-gaap_AssumedPremiumsWritten
Ceded premiums written $ 140us-gaap_CededPremiumsWritten $ 211us-gaap_CededPremiumsWritten $ 233us-gaap_CededPremiumsWritten
v2.4.1.9
Reserves for Claims Summary Of Transactions In Reserves For Claims (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]      
Balance, beginning of period $ 35,360,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 39,078,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 37,996,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense
Provisions related to: Current year 6,860,335us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear 7,239,628us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear 7,650,959us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsCurrentYear
Provisions related to: Prior years (1,630,619)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears (7,811,224)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears (1,578,844)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYears
Total provision charged to operations 5,229,716us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims (571,596)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims 6,072,115us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims
Claims paid, net of recoveries, related to: Current year (102,947)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear (110,240)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear (76,288)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear
Claims paid, net of recoveries, related to: Prior years (3,809,769)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears (3,036,164)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears (4,913,827)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears
Total claims paid, net of recoveries (3,912,716)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid (3,146,404)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid (4,990,115)us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaid
Balance, end of year $ 36,677,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 35,360,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 39,078,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense
v2.4.1.9
Reserves for Claims Summary Of The Company's Loss Reserves (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]        
Known title claims $ 5,364,645us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseKnownClaims $ 4,670,809us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseKnownClaims    
IBNR 31,312,355us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNR 30,689,191us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNR    
Total loss reserves $ 36,677,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 35,360,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 39,078,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 37,996,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense
% of Known title claims 14.60%itic_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseKnownClaimsPercentage 13.20%itic_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseKnownClaimsPercentage    
% of IBNR 85.40%itic_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedPercentage 86.80%itic_LiabilityForTitleClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedPercentage    
% of Total loss reserves 100.00%itic_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedAndIncurredButNotReportedClaimsPercentage 100.00%itic_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseReportedAndIncurredButNotReportedClaimsPercentage    
v2.4.1.9
Reserves for Claims Change in Accounting Estimate (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Change in Accounting Estimate [Line Items]        
Liability for Title Claims and Claims Adjustment Expense $ 36,677,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 35,360,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 39,078,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense $ 37,996,000us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense
Reduction in Policyholder Benefits and Claims Incurred, Net 5,229,716us-gaap_PolicyholderBenefitsAndClaimsIncurredNet (571,596)us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 6,072,115us-gaap_PolicyholderBenefitsAndClaimsIncurredNet  
(Benefit) Provision for Income Taxes 3,816,000us-gaap_IncomeTaxExpenseBenefit 6,746,000us-gaap_IncomeTaxExpenseBenefit 4,889,000us-gaap_IncomeTaxExpenseBenefit  
Net Income Attributable to the Company 9,648,975us-gaap_NetIncomeLoss 14,708,210us-gaap_NetIncomeLoss 11,102,496us-gaap_NetIncomeLoss  
Basic Earnings per Common Share $ 4.75us-gaap_EarningsPerShareBasic $ 7.15us-gaap_EarningsPerShareBasic $ 5.33us-gaap_EarningsPerShareBasic  
Diluted Earnings per Common Share $ 4.74us-gaap_EarningsPerShareDiluted $ 7.08us-gaap_EarningsPerShareDiluted $ 5.24us-gaap_EarningsPerShareDiluted  
Change in Accounting IBNR Reserve Estimate        
Change in Accounting Estimate [Line Items]        
Liability for Title Claims and Claims Adjustment Expense (2,200,000)us-gaap_LiabilityForTitleClaimsAndClaimsAdjustmentExpense
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_ChangeInAccountingMethodAccountedForAsChangeInEstimateMember
     
Reduction in Policyholder Benefits and Claims Incurred, Net (2,200,000)us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_ChangeInAccountingMethodAccountedForAsChangeInEstimateMember
     
(Benefit) Provision for Income Taxes 750,000us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_ChangeInAccountingMethodAccountedForAsChangeInEstimateMember
     
Net Income Attributable to the Company $ 1,450,000us-gaap_NetIncomeLoss
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_ChangeInAccountingMethodAccountedForAsChangeInEstimateMember
     
Basic Earnings per Common Share $ 0.71us-gaap_EarningsPerShareBasic
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_ChangeInAccountingMethodAccountedForAsChangeInEstimateMember
     
Diluted Earnings per Common Share $ 0.70us-gaap_EarningsPerShareDiluted
/ us-gaap_ChangeInAccountingEstimateByTypeAxis
= us-gaap_ChangeInAccountingMethodAccountedForAsChangeInEstimateMember
     
v2.4.1.9
Reserves for Claims Narrative (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]      
Realized claim recoveries $ 790,000itic_RealizedClaimRecoveries $ 1,165,000itic_RealizedClaimRecoveries $ 1,324,000itic_RealizedClaimRecoveries
Provision rate for title insurance claims 4.80%itic_ProvisionRateforTitleInsuranceClaims (0.50%)itic_ProvisionRateforTitleInsuranceClaims 5.90%itic_ProvisionRateforTitleInsuranceClaims
Minimum      
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]      
Large claim threshold $ 250,000itic_LargeClaimThreshold
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
v2.4.1.9
Earnings Per Common Share and Share Awards (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Earnings Per Common Share And Share Awards [Line Items]      
Incremental dilutive potential common shares, calculated using treasury stock method (in shares) 5,774us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 20,459us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 35,090us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Anti-dilutive shares excluded from computation of diluted earnings per share 0us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount 0us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount 0us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
SARs and options vesting period 1 year    
Intrinsic values of options exercised $ 82,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue $ 3,486,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue $ 153,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
Options and SARs vested 4,125itic_ShareBasedCompensationArrangementByShareBasedPaymentsAwardOptionsAndEquityInstrumentsOtherThanOptionsVestedInPeriod    
Fair value of options and SARs vested 118,462itic_ShareBasedCompensationArrangementByShareBasedPaymentsAwardOptionsAndEquityInstrumentsOtherThanOptionsVestedInPeriodFairValue    
Weighted-average fair values for SARs issued (dollars per share) $ 28.98us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue $ 27.55us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue $ 18.84us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
Compensation expense relating to SARs or options vesting 121,000us-gaap_AllocatedShareBasedCompensationExpense 84,000us-gaap_AllocatedShareBasedCompensationExpense 75,000us-gaap_AllocatedShareBasedCompensationExpense
Total unrecognized compensation cost related to unvested share-based compensation arrangements granted under stock award plans $ 33,000us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized    
Weighted-average period of unrecognized compensation cost recognition 3 months    
Number of stock options or SARs granted where exercise price was less than market price on date of grant 0itic_NumberOfStockOptionsOrSarsGrantedWhereExercisePriceWasLessThanMarketPriceOnDateOfGrant    
Minimum      
Earnings Per Common Share And Share Awards [Line Items]      
Annual rate at which stock appreciation rights and options are exercisable and vest 10.00%itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfExercisableAndVestingPeriod
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
SARs and options expiration period 5 years    
Maximum      
Earnings Per Common Share And Share Awards [Line Items]      
Maximum shares of Company stock to be granted to key employees or directors 500,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
Annual rate at which stock appreciation rights and options are exercisable and vest 20.00%itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfExercisableAndVestingPeriod
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
   
SARs and options expiration period 10 years    
v2.4.1.9
Earnings Per Common Share and Share Awards Computation Of Basic And Diluted Earnings Per Share (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Earnings Per Share [Abstract]      
Net Income Attributable to the Company $ 9,648,975us-gaap_NetIncomeLoss $ 14,708,210us-gaap_NetIncomeLoss $ 11,102,496us-gaap_NetIncomeLoss
Weighted Average Shares Outstanding – Basic 2,031,760us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,056,169us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,081,703us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Incremental shares outstanding assuming the exercise of dilutive stock options and SARs (share settled) 5,774us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 20,459us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements 35,090us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
Weighted average common shares outstanding - Diluted 2,037,534us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,076,628us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,116,793us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Basic Earnings per Common Share $ 4.75us-gaap_EarningsPerShareBasic $ 7.15us-gaap_EarningsPerShareBasic $ 5.33us-gaap_EarningsPerShareBasic
Diluted Earnings per Common Share $ 4.74us-gaap_EarningsPerShareDiluted $ 7.08us-gaap_EarningsPerShareDiluted $ 5.24us-gaap_EarningsPerShareDiluted
v2.4.1.9
Earnings Per Common Share and Share Awards Summary Of Share-Based Award Transactions (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]        
Number Of Shares, Options exercised (1,000)us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised (2,650)us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised (6,380)us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]        
Weighted Average Exercise Price, Options exercised $ 27.21us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice $ 28.63us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice $ 25.17us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice  
StockOptionsAndStockAppreciationRightsSARS        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]        
Number Of Shares, Outstanding Beginning Balance 19,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
98,150us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
101,600us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
 
Number Of Shares, Options/SARs cancelled/forfeited/expired 0us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
0us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
(70)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
 
Number Of Shares, Outstanding Ending Balance 21,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
19,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
98,150us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
101,600us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
Number Of Shares, Exercisable as of December 31, 2014 19,875us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
     
Number Of Shares, Unvested as of December 31, 2014 1,125itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedNumber
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
     
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]        
Weighted Average Exercise Price, Outstanding Beginning Balance $ 45.74us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 30.74us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 29.81us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
 
Weighted Average Exercise Price, Options/SARs cancelled/forfeited/expired $ 0.00us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 0.00us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 31.00us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
 
Weighted Average Exercise Price, Outstanding Ending Balance $ 51.30us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 45.74us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 30.74us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 29.81us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
Weighted Average Exercise Price, Exercisable as of December 31, 2014 $ 50.32us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
     
Weighted Average Exercise Price, Unvested as of December 31, 2014 $ 68.70itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
     
Average Remaining Contractual Term, Outstanding Beginning Balance 3 years 7 months 20 days 3 years 5 months 4 days 3 years 2 months 1 day 3 years 10 months 27 days
Average Remaining Contractual Term, Outstanding Ending Balance 3 years 7 months 20 days 3 years 5 months 4 days 3 years 2 months 1 day 3 years 10 months 27 days
Average Remaining Contractual Term, Exercisable as of December 31, 2014 3 years 5 months 26 days      
Average Remaining Contractual Term, Unvested as of December 31, 2014 6 years 4 months 20 days      
Aggregate Intrinsic Value, Outstanding Beginning Balance $ 669,610us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 2,871,710us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
$ 697,780us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
 
Aggregate Intrinsic Value, Outstanding Ending Balance 453,510us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
669,610us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
2,871,710us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
697,780us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
Aggregate Intrinsic Value, Exercisable as of December 31, 2014 448,785us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
     
Aggregate Intrinsic Value, Unvested as of December 31, 2014 $ 4,725itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedIntrinsicValue
/ us-gaap_AwardTypeAxis
= itic_StockOptionsAndStockAppreciationRightsSARSMember
     
SARs        
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]        
Number Of Shares, SARs granted 4,500us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
3,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
3,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
 
Number Of Shares, Options exercised (1,500)us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
(79,500)us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
   
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]        
Weighted Average Exercise Price, SARs granted $ 68.70us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
$ 71.59us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
$ 50.50us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
 
Weighted Average Exercise Price, Options exercised $ 49.04us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
$ 28.77us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
/ us-gaap_AwardTypeAxis
= itic_StockAppreciationRightsShareSettledSARSMember
   
v2.4.1.9
Earnings Per Common Share and Share Awards Summary of Information of Fixed Stock Options (Details) (USD $)
12 Months Ended
Dec. 31, 2014
$36.79 - $36.79  
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
Options exercise price, lower limit $ 36.79us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange3Member
Options exercise price, upper limit $ 36.79us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange3Member
Options Outstanding - Number Outstanding 1,500us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange3Member
Options Outstanding - Weighted Average Remaining Contractual Life 4 months 17 days
Options Outstanding - Weighted Average Exercise Price $ 36.79us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange3Member
Options Exercisable - Number Exercisable 1,500us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange3Member
Options Exercisable - Weighted Average Exercise Price $ 36.79us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange3Member
$36.79 - $36.79  
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
Options exercise price, lower limit $ 36.79us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange4Member
Options exercise price, upper limit $ 36.79us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange4Member
Options Outstanding - Number Outstanding 1,500us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange4Member
Options Outstanding - Weighted Average Remaining Contractual Life 4 months 17 days
Options Outstanding - Weighted Average Exercise Price $ 36.79us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange4Member
Options Exercisable - Number Exercisable 1,500us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange4Member
Options Exercisable - Weighted Average Exercise Price $ 36.79us-gaap_SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockOptionsExercisePriceRange4Member
$32.00 - $33.30  
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
SARs exercise price, lower limit $ 32.00itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeLowerRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange1Member
SARs exercise price, upper limit $ 33.30itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeUpperRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange1Member
SAR Outstanding - Number Outstanding 2,000itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeNumberOfOutstandingShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange1Member
SARs Outstanding - Weighted Average Remaining Contractual Life 1 year 4 months 20 days
SARs - Weighted Average Exercise Price $ 32.00itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeOutstandingAwardsWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange1Member
SARs Exercisable - Number Exercisable 2,000itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationPlansExercisePriceRangeNumberOfExercisableShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange1Member
SARs Exercisable - Weighted Average Exercise Price $ 32.00itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeExercisableSharesWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange1Member
$33.31 - $41.49  
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
SARs exercise price, lower limit $ 33.31itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeLowerRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange2Member
SARs exercise price, upper limit $ 41.49itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeUpperRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange2Member
SAR Outstanding - Number Outstanding 2,500itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeNumberOfOutstandingShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange2Member
SARs Outstanding - Weighted Average Remaining Contractual Life 2 years 4 months 17 days
SARs - Weighted Average Exercise Price $ 33.31itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeOutstandingAwardsWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange2Member
SARs Exercisable - Number Exercisable 2,500itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationPlansExercisePriceRangeNumberOfExercisableShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange2Member
SARs Exercisable - Weighted Average Exercise Price $ 33.31itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeExercisableSharesWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange2Member
$41.50 - $71.59  
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
SARs exercise price, lower limit $ 41.50itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeLowerRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange4Member
SARs exercise price, upper limit $ 71.59itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeUpperRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange4Member
SAR Outstanding - Number Outstanding 15,000itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeNumberOfOutstandingShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange4Member
SARs Outstanding - Weighted Average Remaining Contractual Life 4 years 5 months 23 days
SARs - Weighted Average Exercise Price $ 58.33itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeOutstandingAwardsWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange4Member
SARs Exercisable - Number Exercisable 13,875itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationPlansExercisePriceRangeNumberOfExercisableShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange4Member
SARs Exercisable - Weighted Average Exercise Price $ 57.49itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeExercisableSharesWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange4Member
$32.00 - $71.59  
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]  
SARs exercise price, lower limit $ 32.00itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeLowerRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange5Member
SARs exercise price, upper limit $ 71.59itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeUpperRangeLimit
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange5Member
SAR Outstanding - Number Outstanding 19,500itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeNumberOfOutstandingShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange5Member
SARs Outstanding - Weighted Average Remaining Contractual Life 3 years 10 months 20 days
SARs - Weighted Average Exercise Price $ 52.42itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeOutstandingAwardsWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange5Member
SARs Exercisable - Number Exercisable 18,375itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationPlansExercisePriceRangeNumberOfExercisableShares
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange5Member
SARs Exercisable - Weighted Average Exercise Price $ 51.43itic_ShareBasedCompensationSharesAuthorizedUnderStockAppreciationRightsPlansExercisePriceRangeExercisableSharesWeightedAverageExercisePrice
/ us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis
= itic_StockAppreciationRightsExercisePriceRange5Member
v2.4.1.9
Earnings Per Common Share and Share Awards Share-Based Assumptions (Details)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Earnings Per Share [Abstract]      
Expected Life (in years) 6 years 10 months 24 days 5 years 5 years
Volatility 39.90%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate 44.60%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate 44.60%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
Interest Rate 2.10%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate 1.30%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate 0.80%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
Yield Rate 0.40%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate 0.50%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate 0.60%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
v2.4.1.9
Earnings Per Common Share and Share Awards Schedule of Weighted Average Grant Date Fair Value of Stock Awards Plans (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Earnings Per Share [Abstract]      
Weighted-average market price $ 68.70itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageMarketPrice $ 71.59itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageMarketPrice $ 50.50itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageMarketPrice
Weighted-average grant-date fair value $ 28.98itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue $ 27.55itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue $ 18.84itic_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsWeightedAverageGrantDateFairValue
v2.4.1.9
Income Taxes Schedule of Components of Income Taxes (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Tax Disclosure [Abstract]      
Federal $ 3,121,000us-gaap_CurrentFederalTaxExpenseBenefit $ 4,873,000us-gaap_CurrentFederalTaxExpenseBenefit $ 5,018,000us-gaap_CurrentFederalTaxExpenseBenefit
State 84,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 69,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 163,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit
Total current 3,205,000us-gaap_CurrentIncomeTaxExpenseBenefit 4,942,000us-gaap_CurrentIncomeTaxExpenseBenefit 5,181,000us-gaap_CurrentIncomeTaxExpenseBenefit
Federal 620,156us-gaap_DeferredFederalIncomeTaxExpenseBenefit 1,805,215us-gaap_DeferredFederalIncomeTaxExpenseBenefit (305,525)us-gaap_DeferredFederalIncomeTaxExpenseBenefit
State (9,156)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit (1,215)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit 13,525us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit
Deferred Income Tax Expense (Benefit) 611,000us-gaap_DeferredIncomeTaxExpenseBenefit 1,804,000us-gaap_DeferredIncomeTaxExpenseBenefit (292,000)us-gaap_DeferredIncomeTaxExpenseBenefit
Total $ 3,816,000us-gaap_IncomeTaxExpenseBenefit $ 6,746,000us-gaap_IncomeTaxExpenseBenefit $ 4,889,000us-gaap_IncomeTaxExpenseBenefit
v2.4.1.9
Income Taxes Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Deferred income tax assets:    
Accrued benefits and retirement services $ 3,061,144us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits $ 3,074,164us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
Postretirement benefit obligation 1,033,624us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts 883,426us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
Other-than-temporary impairment of assets 323,089us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses 319,962us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsImpairmentLosses
Other 90,409itic_DeferredTaxAssetsExcessofBookOverTaxDepreciation 171,504itic_DeferredTaxAssetsExcessofBookOverTaxDepreciation
Allowance for doubtful accounts 40,183us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits 24,914us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
Excess of book over tax depreciation 15,668us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities 21,953us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
Reinsurance and commission payable 25,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards 5,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards
Deferred Tax Assets, Other 305,119us-gaap_DeferredTaxAssetsOther 256,309us-gaap_DeferredTaxAssetsOther
Total deferred income tax assets 4,894,236us-gaap_DeferredTaxAssetsGross 4,757,232us-gaap_DeferredTaxAssetsGross
Deferred income tax liabilities:    
Deferred Tax Liabilities, Investments 6,781,994us-gaap_DeferredTaxLiabilitiesInvestments 5,976,215us-gaap_DeferredTaxLiabilitiesInvestments
Net unrealized gain on investments 2,871,114us-gaap_DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals 2,467,798us-gaap_DeferredTaxLiabilitiesDeferredExpenseReservesAndAccruals
Deferred Tax Liabilities, Other 656,621us-gaap_DeferredTaxLiabilitiesOther 327,202us-gaap_DeferredTaxLiabilitiesOther
Total deferred income tax liabilities 10,309,729us-gaap_DeferredIncomeTaxLiabilities 8,771,215us-gaap_DeferredIncomeTaxLiabilities
Net deferred income tax liabilities $ (5,415,493)us-gaap_DeferredTaxAssetsLiabilitiesNet $ (4,013,983)us-gaap_DeferredTaxAssetsLiabilitiesNet
v2.4.1.9
Income Taxes Reconciliation of Income Tax (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Tax Disclosure [Abstract]      
Anticipated income tax expense $ 4,626,555us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate $ 7,346,074us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate $ 5,467,168us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
State income taxes, net of federal income tax benefit 55,188us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes 45,471us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes 107,580us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes
Tax-exempt interest income (net of amortization) (876,365)us-gaap_IncomeTaxReconciliationTaxExemptIncome (772,545)us-gaap_IncomeTaxReconciliationTaxExemptIncome (757,005)us-gaap_IncomeTaxReconciliationTaxExemptIncome
Other, net 10,622us-gaap_IncomeTaxReconciliationOtherAdjustments 127,000us-gaap_IncomeTaxReconciliationOtherAdjustments 71,257us-gaap_IncomeTaxReconciliationOtherAdjustments
Total $ 3,816,000us-gaap_IncomeTaxExpenseBenefit $ 6,746,000us-gaap_IncomeTaxExpenseBenefit $ 4,889,000us-gaap_IncomeTaxExpenseBenefit
U.S. Federal statutory income tax rate 34.30%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 34.10%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 34.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
v2.4.1.9
Leases (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2011
Leases [Abstract]      
Rent expense $ 766us-gaap_OperatingLeasesRentExpenseNet $ 699us-gaap_OperatingLeasesRentExpenseNet $ 692us-gaap_OperatingLeasesRentExpenseNet
v2.4.1.9
Leases Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)
Dec. 31, 2014
Leases [Abstract]  
2015 $ 625,263us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent
2016 455,145us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2017 274,356us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2018 128,808us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears
2019 13,886us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears
Thereafter 0us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter
Total $ 1,497,458us-gaap_OperatingLeasesFutureMinimumPaymentsDue
v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan (Details) (USD $)
12 Months Ended
Dec. 31, 2014
H
Dec. 31, 2013
Dec. 31, 2012
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Minimum number of years employed in order to participate in the 401(k) plan 1 year    
Minimum number of hours worked annually in order to participate in the 401(k) plan 1,000itic_DefinedContributionPlanMinimumNumberOfHoursWorkedAnnually    
Defined contribution plan contribution percent 3.00%itic_DefinedContributionPlanContributionPercent    
Expenses related to the 401(k) plan $ 676,000us-gaap_DefinedContributionPlanCostRecognized $ 579,000us-gaap_DefinedContributionPlanCostRecognized $ 518,000us-gaap_DefinedContributionPlanCostRecognized
Amount accrued for all deferred compensation plan agreements 7,111,000us-gaap_DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities 6,580,000us-gaap_DefinedBenefitPensionPlanCurrentAndNoncurrentLiabilities  
Amount recognized in accumulated other comprehensive income, before tax (118,150)us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax (73,246)us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax (155,234)us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
Amount recognized in accumulated other comprehensive income, net of tax (77,988)us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax (48,353)us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax (102,454)us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeLossAfterTax
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract]      
2015 4,478us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths    
2016 4,885us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo    
2017 9,056us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree    
2018 13,962us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour    
2019 15,577us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive    
Thereafter $ 147,312us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter    
Minimum      
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]      
Noncompete period following employment 2 years    
v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan Components of Net Periodic Benefit Cost (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]      
Service cost - benefits earned during the year $ 14,667us-gaap_DefinedBenefitPlanServiceCost $ 15,782us-gaap_DefinedBenefitPlanServiceCost $ 12,617us-gaap_DefinedBenefitPlanServiceCost
Interest cost on the projected benefit obligation 30,472us-gaap_DefinedBenefitPlanInterestCost 28,412us-gaap_DefinedBenefitPlanInterestCost 27,867us-gaap_DefinedBenefitPlanInterestCost
(Accretion) amortization of unrecognized prior service cost 2,217us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit (1,518)us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit 9,396us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
Amortization of unrecognized losses 0us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses 6,293us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses 680us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses
Net periodic benefits costs $ 47,356us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost $ 48,969us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost $ 50,560us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost
v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan Effected of the Funded Status on the Balance Sheet (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]    
Fully eligible active employee $ (409,492)itic_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesFullyEligibleActiveEmployees $ (377,838)itic_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesFullyEligibleActiveEmployees
Non-eligible active employees (362,045)itic_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNonEligibleActiveEmployees (301,439)itic_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNonEligibleActiveEmployees
Plan assets 0us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsCurrentAndNoncurrent 0us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsCurrentAndNoncurrent
Funded status of accumulated postretirement benefit obligation, recognized in other liabilities $ (771,537)us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent $ (679,277)us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan Development of the Accumulated Postretirement Benefit Obligation (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]      
Accrued postretirement benefit obligation at beginning of year $ (679,277)us-gaap_DefinedBenefitPlanBenefitObligation $ (712,296)us-gaap_DefinedBenefitPlanBenefitObligation  
Service cost – benefits earned during the year (14,667)us-gaap_DefinedBenefitPlanServiceCost (15,782)us-gaap_DefinedBenefitPlanServiceCost (12,617)us-gaap_DefinedBenefitPlanServiceCost
Interest cost on projected benefit obligation (30,472)us-gaap_DefinedBenefitPlanInterestCost (28,412)us-gaap_DefinedBenefitPlanInterestCost (27,867)us-gaap_DefinedBenefitPlanInterestCost
Actuarial (loss) gain (47,121)us-gaap_DefinedBenefitPlanActuarialGainLoss 77,213us-gaap_DefinedBenefitPlanActuarialGainLoss  
Accrued postretirement benefit obligation at end of year $ (771,537)us-gaap_DefinedBenefitPlanBenefitObligation $ (679,277)us-gaap_DefinedBenefitPlanBenefitObligation $ (712,296)us-gaap_DefinedBenefitPlanBenefitObligation
v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan Changes in Amounts Related to Accumulated Other Comprehensive Income, Pre-tax (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Roll Forward]      
Balance at beginning of year $ 73,246us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax $ 155,234us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax  
Unrecognized prior service (cost) credit (2,217)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax 1,518us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax (9,396)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
Amortization of loss, net 0us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax (6,293)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax (680)us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
Actuarial loss (gain) 47,121us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax (77,213)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax 82,918us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
Balance at end of year $ 118,150us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax $ 73,246us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax $ 155,234us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan Amounts in Accumulated Other Comprehensive Income, Pre-tax, to be Recognized as Components of Net Periodic Benefit Costs (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Amortization of unrecognized prior service cost $ 4,390us-gaap_DefinedBenefitPlanFutureAmortizationOfPriorServiceCostCredit
Amortization of unrecognized loss 3,514us-gaap_DefinedBenefitPlanFutureAmortizationOfGainLoss
Net periodic benefit cost at end of year $ 7,904us-gaap_DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear
v2.4.1.9
Retirement Agreements and Other Postretirement Benefit Plan Effects on Net Periodic Postretirement Benefit Cost and Accumulated Postretirement Benefit Obligation (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]    
One-Percent Point Increase: Effect on the service cost component $ 4,386itic_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceCostComponent  
One-Percent Point Increase: Effect on interest cost 6,819itic_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnInterestCostComponent  
One-Percent Point Increase: Total effect on the net periodic postretirement benefit cost 11,205us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents  
One-Percent Point Decrease: Effect on the service cost component   (3,344)itic_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceCostComponents
One-Percent Point Decrease: Effect on interest cost   (5,267)itic_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnInterestCostComponents
One-Percent Point Decrease: Total effect on the net periodic postretirement benefit cost   (8,611)us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
One-Percent Point Increase: Effect on those currently receiving benefits (retirees and spouses) 0itic_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligationCurrentlyReceivingBenefits  
One-Percent Point Increase: Effect on active fully eligible 75,677itic_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligationActiveFullyEligible  
One-Percent Point Increase: Effect on actives not yet eligible 94,798itic_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligationActivesNotYetEligible  
One-Percent Point Increase: Total effect on the accumulated postretirement benefit obligation 170,475us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation  
One-Percent Point Decrease: Effect on those currently receiving benefits (retirees and spouses)   0itic_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligationCurrentlyReceivingBenefits
One-Percent Point Decrease: Effect on active fully eligible   (59,919)itic_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligationActiveFullyEligible
One-Percent Point Decrease: Effect on actives not yet eligible   (72,309)itic_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligationActivesNotYetEligible
One-Percent Point Decrease: Total effect on the accumulated postretirement benefit obligation   $ (132,228)us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
v2.4.1.9
Commitments and Contingencies (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]    
Cash held for escrow and trust deposits $ 18,674itic_Cashheldforescrowandtrustdeposits $ 11,824itic_Cashheldforescrowandtrustdeposits
Like-kind exchange deposits and reverse exchange property $ 82,477itic_LikeKindExchangeDepositsAndReverseExchangeProperty $ 76,037itic_LikeKindExchangeDepositsAndReverseExchangeProperty
v2.4.1.9
Segment Information Selected Financial Information By Segment (Details) (USD $)
12 Months Ended
Dec. 31, 2014
segment
Dec. 31, 2013
Dec. 31, 2012
Segment Reporting Information [Line Items]      
Insurance And Other Services Revenue $ 118,591,491itic_InsuranceAndOtherServicesRevenue $ 122,161,089itic_InsuranceAndOtherServicesRevenue $ 110,032,442itic_InsuranceAndOtherServicesRevenue
Number of reportable segments 1us-gaap_NumberOfReportableSegments    
Insurance and other services revenues 123,119,286us-gaap_Revenues 126,251,497us-gaap_Revenues 115,079,092us-gaap_Revenues
Investment income – interest and dividends 4,259,501us-gaap_InvestmentIncomeInterestAndDividend 3,894,608us-gaap_InvestmentIncomeInterestAndDividend 3,980,411us-gaap_InvestmentIncomeInterestAndDividend
Net realized gain (loss) on investments 268,294us-gaap_GainLossOnInvestments 195,800us-gaap_GainLossOnInvestments 1,066,239us-gaap_GainLossOnInvestments
Total Revenues 123,119,286us-gaap_Revenues 126,251,497us-gaap_Revenues 115,079,092us-gaap_Revenues
Operating expenses 109,630,788us-gaap_BenefitsLossesAndExpenses 104,708,759us-gaap_BenefitsLossesAndExpenses 98,999,185us-gaap_BenefitsLossesAndExpenses
Income (loss) before income taxes 13,488,498us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 21,542,738us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 16,079,907us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Total assets 198,039,210us-gaap_Assets 188,305,816us-gaap_Assets 171,918,276us-gaap_Assets
Title Insurance      
Segment Reporting Information [Line Items]      
Insurance And Other Services Revenue 114,279,532itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
118,153,904itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
106,496,802itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
Insurance and other services revenues 118,328,450us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
121,978,671us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
110,420,295us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
Investment income – interest and dividends 3,835,209us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
3,599,106us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
3,492,998us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
Net realized gain (loss) on investments 213,709us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
225,661us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
430,495us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
Total Revenues 118,328,450us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
121,978,671us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
110,420,295us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
Operating expenses 105,290,627us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
99,899,804us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
94,909,649us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
Income (loss) before income taxes 13,037,823us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
22,078,867us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
15,510,646us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
Total assets 153,072,950us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
146,110,146us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
136,042,848us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_OperatingSegmentsMember
All Other      
Segment Reporting Information [Line Items]      
Insurance And Other Services Revenue 5,904,059itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
5,507,069itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
4,931,574itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Insurance and other services revenues 6,476,272us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
5,866,046us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
6,139,317us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Investment income – interest and dividends 517,628us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
388,838us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
571,999us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Net realized gain (loss) on investments 54,585us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
(29,861)us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
635,744us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Total Revenues 6,476,272us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
5,866,046us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
6,139,317us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Operating expenses 5,862,577us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
6,239,155us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
5,433,207us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Income (loss) before income taxes 613,695us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
(373,109)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
706,110us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Total assets 44,966,260us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
42,195,670us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
35,875,428us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Insurance And Other Services Revenue (1,592,100)itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,499,884)itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,395,934)itic_InsuranceAndOtherServicesRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
Insurance and other services revenues (1,685,436)us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,593,220)us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,480,520)us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
Investment income – interest and dividends (93,336)us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(93,336)us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(84,586)us-gaap_InvestmentIncomeInterestAndDividend
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
Net realized gain (loss) on investments 0us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
0us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
0us-gaap_GainLossOnInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
Total Revenues (1,685,436)us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,593,220)us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,480,520)us-gaap_Revenues
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
Operating expenses (1,522,416)us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,430,200)us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(1,343,671)us-gaap_BenefitsLossesAndExpenses
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
Income (loss) before income taxes (163,020)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(163,020)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
(136,849)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
Total assets $ 0us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
$ 0us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
$ 0us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_IntersegmentEliminationMember
v2.4.1.9
Stockholders' Equity (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Vote
Dec. 31, 2013
Oct. 31, 2012
Class of Stock [Line Items]      
Number of votes 100itic_NumberofVotes    
Shares of Class A Preferred Stock Available Per Right 0.1itic_SharesofClassAPreferredStockAvailablePerRight    
Threshold of days following requirements for exercise rights 10 days    
Redemption price per right 0.01itic_RedemptionPriceperRight    
Purchase price of preferred stock per Unit     $ 220itic_PurchasePriceOfPreferredStockPerUnit
Preferred stock, shares authorized 1,000,000us-gaap_PreferredStockSharesAuthorized 1,000,000us-gaap_PreferredStockSharesAuthorized  
Preferred Class A      
Class of Stock [Line Items]      
Preferred stock, shares authorized 200,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
200,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
200,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
Minimum      
Class of Stock [Line Items]      
Threshold of common stock percentage for common stock diluted 15.00%itic_ThresholdofCommonStockPercentageforCommonStockDiluted
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Ownership percentage of common stock 15.00%us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Threshold of beneficial ownership of outstanding common stock for the Rights exchanging 15.00%itic_ThresholdofBeneficialOwnershipofOutstandingCommonStockfortheRightsExchanging
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Threshold of percentage of assets or earning power sold or transferred for merger 50.00%itic_ThresholdofPercentageofAssetsorEarningPowerSoldorTransferredforMerger
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Threshold of prior acquisition common stock percentage for the Right exchanging 50.00%itic_ThresholdOfPriorAcquisitionCommonStockPercentageForRightExchanging
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
   
Plan Amendment [Member]      
Class of Stock [Line Items]      
Purchase price of preferred stock per Unit     $ 80itic_PurchasePriceOfPreferredStockPerUnit
/ us-gaap_PlanNameAxis
= itic_PlanAmendmentMember
Plan Amendment [Member] | Preferred Class A      
Class of Stock [Line Items]      
Preferred stock, shares authorized     100,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_PlanNameAxis
= itic_PlanAmendmentMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
v2.4.1.9
Concentration of Credit Risk (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Risks and Uncertainties [Abstract]        
Threshold of not insured deposits by FDIC $ 250,000itic_ThresholdOfNotInsuredDepositsByFdic      
Cash and cash equivalents 15,826,515us-gaap_CashAndCashEquivalentsAtCarryingValue 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue 20,810,018us-gaap_CashAndCashEquivalentsAtCarryingValue 18,042,258us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents uninsured amount $ 15,300,000itic_CashAndCashEquivalentsUninsuredAmount $ 23,100,000itic_CashAndCashEquivalentsUninsuredAmount    
v2.4.1.9
Business Concentration (Details)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net Premiums Written      
Concentration Risk [Line Items]      
Concentration percentage 23.60%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= itic_NetPremiumsWrittenMember
16.40%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= itic_NetPremiumsWrittenMember
14.00%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= itic_NetPremiumsWrittenMember
TEXAS | Geographic Concentration Risk      
Concentration Risk [Line Items]      
Concentration percentage 36.50%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_TX
26.80%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_TX
24.80%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_TX
NORTH CAROLINA | Geographic Concentration Risk      
Concentration Risk [Line Items]      
Concentration percentage 28.40%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_NC
27.40%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_NC
30.50%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_NC
SOUTH CAROLINA | Geographic Concentration Risk      
Concentration Risk [Line Items]      
Concentration percentage 7.70%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_SC
11.40%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_SC
8.60%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByTypeAxis
= us-gaap_GeographicConcentrationRiskMember
/ us-gaap_StatementGeographicalAxis
= stpr_SC
v2.4.1.9
Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Balance Sheets (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Related Party Transaction [Line Items]    
Other investments $ 8,530,929us-gaap_OtherInvestments $ 7,247,831us-gaap_OtherInvestments
Premiums and fees receivable 8,544,183us-gaap_PremiumsAndOtherReceivablesNet 8,750,224us-gaap_PremiumsAndOtherReceivablesNet
Title Insurance Agencies    
Related Party Transaction [Line Items]    
Other investments 6,014,000us-gaap_OtherInvestments
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
5,320,000us-gaap_OtherInvestments
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
Premiums and fees receivable $ 666,000us-gaap_PremiumsAndOtherReceivablesNet
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
$ 657,000us-gaap_PremiumsAndOtherReceivablesNet
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
v2.4.1.9
Related Party Transactions Summary Of Approximate Values By Year Found Within Consolidated Statements Of Income (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Related Party Transaction [Line Items]      
Net premiums written $ 109,963,556us-gaap_PremiumsWrittenNet $ 113,886,266us-gaap_PremiumsWrittenNet $ 102,331,102us-gaap_PremiumsWrittenNet
Other income 8,627,935us-gaap_OtherIncome 8,274,823us-gaap_OtherIncome 7,701,340us-gaap_OtherIncome
Insurance Commissions 65,632,353us-gaap_InsuranceCommissions 67,150,810us-gaap_InsuranceCommissions 59,427,070us-gaap_InsuranceCommissions
Title Insurance Agencies      
Related Party Transaction [Line Items]      
Net premiums written 11,783,000us-gaap_PremiumsWrittenNet
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
12,442,000us-gaap_PremiumsWrittenNet
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
15,558,000us-gaap_PremiumsWrittenNet
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
Other income 2,043,000us-gaap_OtherIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
1,839,000us-gaap_OtherIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
2,238,000us-gaap_OtherIncome
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
Insurance Commissions $ 8,049,000us-gaap_InsuranceCommissions
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
$ 8,465,000us-gaap_InsuranceCommissions
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
$ 10,923,000us-gaap_InsuranceCommissions
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_LimitedLiabilityCompanyMember
v2.4.1.9
Related Party Transactions Company Repurchase of Common Stock from Related Parties (Details) (Officer, USD $)
3 Months Ended
Dec. 31, 2013
Jun. 30, 2013
Officer
   
Related Party Transaction [Line Items]    
Treasury Stock, Shares, Acquired 28,130us-gaap_TreasuryStockSharesAcquired
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_OfficerMember
17,524us-gaap_TreasuryStockSharesAcquired
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_OfficerMember
Treasury Stock Acquired, Average Cost Per Share $ 80.01us-gaap_TreasuryStockAcquiredAverageCostPerShare
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_OfficerMember
$ 71.50us-gaap_TreasuryStockAcquiredAverageCostPerShare
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= us-gaap_OfficerMember
v2.4.1.9
Acquisition (Details) (USD $)
0 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 0 Months Ended
Apr. 02, 2012
Jun. 30, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Jun. 30, 2014
May 21, 2014
Business Acquisition [Line Items]              
Ownership percentage acquired 70.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired            
Business acquisition, remaining ownership interest 30.00%itic_BusinessAcquisitionRemainingOwnershipInterest            
Fair value of total consideration to be transferred $ 1,041,250us-gaap_BusinessCombinationConsiderationTransferred1            
Fair value of consideration paid 350,000us-gaap_PaymentsToAcquireBusinessesGross 350,000us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross 350,000us-gaap_PaymentsToAcquireBusinessesGross    
Business Acquisition Majority Purchase Price 691,250itic_BusinessAcquisitionMajorityPurchasePrice            
Fair value of the noncontrolling interest amount 446,250us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue   0us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue 341,250us-gaap_BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue      
Fair value of identifiable net assets 5,600us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet            
Accumulated amortization of intangible assets     191,631us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization 121,947us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization      
Net intangible assets     1,290,269us-gaap_IntangibleAssetsNetExcludingGoodwill 1,359,953us-gaap_IntangibleAssetsNetExcludingGoodwill      
70%              
Business Acquisition [Line Items]              
Business acquisition, purchase price payment calculation period 24 months            
Business Acquisition Majority Purchase Price 1,041,250itic_BusinessAcquisitionMajorityPurchasePrice
/ itic_BusinessAcquisitionByInterestAcquiredAxis
= itic_SeventyPercentMember
           
Non-Compete Contract              
Business Acquisition [Line Items]              
Intangible assets acquired 645,685us-gaap_FinitelivedIntangibleAssetsAcquired1
/ us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis
= us-gaap_NoncompeteAgreementsMember
           
Intangible assets amortized period 10 years            
Referral Relationships              
Business Acquisition [Line Items]              
Intangible assets acquired 836,215us-gaap_FinitelivedIntangibleAssetsAcquired1
/ us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis
= itic_ReferralRelationshipsMember
           
Intangible assets amortized period 12 years            
United Title Agency [Member]              
Business Acquisition [Line Items]              
Fair value of consideration paid           341,250us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= itic_UnitedTitleAgencyMember
 
United Title Agency [Member] | 30%              
Business Acquisition [Line Items]              
Fair value of total consideration to be transferred             $ 515,275us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= itic_UnitedTitleAgencyMember
/ itic_BusinessAcquisitionByInterestAcquiredAxis
= itic_ThirtyPercentageMember
Business acquisition, purchase price payment calculation period 24 months            
v2.4.1.9
Acquisition Schedule of Effects of Changes in Parent Ownership Interest (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Business Combinations [Abstract]      
Net Income Attributable to the Company $ 9,648,975us-gaap_NetIncomeLoss $ 14,708,210us-gaap_NetIncomeLoss $ 11,102,496us-gaap_NetIncomeLoss
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent (114,320)us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent 0us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesPurchaseOfInterestByParent  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net (114,320)us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet 0us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Change Due to Net Income Attributable to Parent and Effects of Changes, Net $ 9,534,655us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet $ 14,708,210us-gaap_ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet  
v2.4.1.9
Acquisition Reconciliation Of Total Redeemable Equity (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]      
Beginning balance at January 1 $ 545,489us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $ 493,861us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $ 0us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
Net income attributable to redeemable noncontrolling interest 23,523us-gaap_TemporaryEquityNetIncome 88,528us-gaap_TemporaryEquityNetIncome 88,411us-gaap_TemporaryEquityNetIncome
Distributions to noncontrolling interest (168,057)us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders (36,900)us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders (40,800)us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
Payments to Acquire Businesses and Interest in Affiliates (515,275)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates 0us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates 446,250us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates
Redeemable noncontrolling interest resulting from subsidiary purchase 114,320itic_TemporaryEquityInterestResultingFromSubsidiaryPurchase 0itic_TemporaryEquityInterestResultingFromSubsidiaryPurchase 0itic_TemporaryEquityInterestResultingFromSubsidiaryPurchase
Balance, net $ 0us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $ 545,489us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests $ 493,861us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
v2.4.1.9
Acquisition Schedule of Aggregate Amortization Expense for Intangible Assets (Details) (USD $)
Dec. 31, 2014
Business Combinations [Abstract]  
2015 $ 69,685us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2016 134,253us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2017 134,253us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2018 134,253us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2019 134,253us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
Thereafter 683,572us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
Total $ 1,290,269us-gaap_FiniteLivedIntangibleAssetsNet
v2.4.1.9
Accumulated Other Comprehensive Income Balances Of Each Component Of Accumulated Other Comprehensive Income, Net Of Tax (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Roll Forward]      
Beginning balance $ 11,347,404us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax $ 8,818,430us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax $ 7,509,165us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Other comprehensive income before reclassifications 1,843,011us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax 2,656,145us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax 1,977,408us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
Amounts reclassified from accumulated other comprehensive income (333,906)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax (127,171)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax (668,143)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
Other comprehensive income 1,509,105us-gaap_OtherComprehensiveIncomeLossNetOfTax 2,528,974us-gaap_OtherComprehensiveIncomeLossNetOfTax 1,309,265us-gaap_OtherComprehensiveIncomeLossNetOfTax
Ending balance 12,856,509us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 11,347,404us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 8,818,430us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Unrealized Gains And Losses On Available-For-Sale Securities      
Accumulated Other Comprehensive Income (Loss) [Roll Forward]      
Beginning balance 11,395,757us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
8,920,884us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
7,563,541us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Other comprehensive income before reclassifications 1,874,111us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
2,605,184us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
2,032,134us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Amounts reclassified from accumulated other comprehensive income (335,371)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(130,311)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(674,791)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Other comprehensive income 1,538,740us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
2,474,873us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
1,357,343us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Ending balance 12,934,497us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
11,395,757us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
8,920,884us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Postretirement Benefits Plans      
Accumulated Other Comprehensive Income (Loss) [Roll Forward]      
Beginning balance (48,353)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(102,454)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(54,376)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Other comprehensive income before reclassifications (31,100)us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
50,961us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(54,726)us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Amounts reclassified from accumulated other comprehensive income 1,465us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
3,140us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
6,648us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Other comprehensive income (29,635)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
54,101us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(48,078)us-gaap_OtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Ending balance $ (77,988)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
$ (48,353)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
$ (102,454)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
v2.4.1.9
Accumulated Other Comprehensive Income Reclassification Out Of Accumulated Other Comprehensive Income (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]      
Net realized gain on investment $ 268,294us-gaap_GainLossOnInvestments $ 195,800us-gaap_GainLossOnInvestments $ 1,066,239us-gaap_GainLossOnInvestments
Unrecognized prior service credit (cost) (2,217)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax 1,518us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax (9,396)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
Unrecognized loss 0us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses (6,293)us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses (680)us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses
Income before Income Taxes 13,488,498us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 21,542,738us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 16,079,907us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Tax (3,816,000)us-gaap_IncomeTaxExpenseBenefit (6,746,000)us-gaap_IncomeTaxExpenseBenefit (4,889,000)us-gaap_IncomeTaxExpenseBenefit
Net income 9,672,498us-gaap_ProfitLoss 14,796,738us-gaap_ProfitLoss 11,190,907us-gaap_ProfitLoss
Reclassification Out Of Accumulated Other Comprehensive Income      
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]      
Net income 333,906us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
127,171us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
668,143us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
Reclassification Out Of Accumulated Other Comprehensive Income | Unrealized Gains And Losses On Available-For-Sale Securities      
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]      
Net realized gain on investment 518,279us-gaap_GainLossOnInvestments
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
229,869us-gaap_GainLossOnInvestments
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
1,166,179us-gaap_GainLossOnInvestments
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Impairments of other assets and investments (14,542)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(34,070)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(99,940)us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Income before Income Taxes 503,737us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
195,799us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
1,066,239us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Tax (168,366)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(65,488)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(391,448)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Net income 335,371us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
130,311us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
674,791us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Reclassification Out Of Accumulated Other Comprehensive Income | Postretirement Benefits Plans      
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]      
Unrecognized prior service credit (cost) (2,217)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
1,518us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(9,396)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Unrecognized loss 0us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(6,293)us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(680)us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Income before Income Taxes (2,217)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
[1] (4,775)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
[1] (10,076)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
[1]
Tax 752us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
1,635us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
3,428us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Net income $ (1,465)us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
$ (3,140)us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
$ (6,648)us-gaap_ProfitLoss
/ us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis
= us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
[1] These accumulated other comprehensive income components are not reclassified to net income in their entirety in the same reporting period. The amounts are presented within salaries, employee benefits and payroll taxes on the Consolidated Statements of Income as amortized. Amortization related to postretirement benefit plans is included in the computation of net periodic pension costs, as discussed in Note 10.
v2.4.1.9
Schedule I (Details) (USD $)
Dec. 31, 2014
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost $ 138,411,379us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost [1],[2]
Market Value 158,164,847us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue [1]
Amount at which shown in the Balance Sheet 158,164,847us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount [1],[3]
Investments in related party accounted for under the cost and equity method 1,246,346itic_RelatedPartyInvestmentsCostandEquityMethod
Fixed maturities  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 104,421,050us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_FixedMaturitiesMember
[2]
Market Value 109,048,290us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_FixedMaturitiesMember
Amount at which shown in the Balance Sheet 109,048,290us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_FixedMaturitiesMember
[3]
States, municipalities and political subdivisions  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 35,215,247us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
Market Value 36,723,499us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
Amount at which shown in the Balance Sheet 36,723,499us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
Short-term investments  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 2,576,993us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_ShortTermInvestmentsMember
Market Value 2,576,993us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_ShortTermInvestmentsMember
Amount at which shown in the Balance Sheet 2,576,993us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_ShortTermInvestmentsMember
Issuer Obligations Of U S States Territories And Political Subdivisions Special Revenue [Member]  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 46,707,033us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_IssuerObligationsOfUSStatesTerritoriesAndPoliticalSubdivisionsSpecialRevenueMember
Market Value 49,057,256us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_IssuerObligationsOfUSStatesTerritoriesAndPoliticalSubdivisionsSpecialRevenueMember
Amount at which shown in the Balance Sheet 49,057,256us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_IssuerObligationsOfUSStatesTerritoriesAndPoliticalSubdivisionsSpecialRevenueMember
Corporate Debt Securities [Member]  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 21,576,641us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_CorporateDebtSecuritiesMember
Market Value 22,328,435us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_CorporateDebtSecuritiesMember
Amount at which shown in the Balance Sheet 22,328,435us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_CorporateDebtSecuritiesMember
Auction Rate Securities [Member]  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 922,129us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_AuctionRateSecuritiesMember
Market Value 939,100us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_AuctionRateSecuritiesMember
Amount at which shown in the Balance Sheet 939,100us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_AuctionRateSecuritiesMember
Equity securities  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 24,128,753us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_EquitySecuritiesMember
[2]
Market Value 39,254,981us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_EquitySecuritiesMember
Amount at which shown in the Balance Sheet 39,254,981us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_EquitySecuritiesMember
[3]
Public utilities  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 961,094us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_PublicUtilityEquitiesMember
Market Value 1,402,159us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_PublicUtilityEquitiesMember
Amount at which shown in the Balance Sheet 1,402,159us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_PublicUtilityEquitiesMember
Banks, trust and insurance companies  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 2,573,154us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_BanksTrustAndInsuranceEquitiesMember
Market Value 4,033,101us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_BanksTrustAndInsuranceEquitiesMember
Amount at which shown in the Balance Sheet 4,033,101us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_BanksTrustAndInsuranceEquitiesMember
Industrial, miscellaneous and all other  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 18,503,498us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_IndustrialMiscellaneousAndAllOthersMember
Market Value 29,248,520us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_IndustrialMiscellaneousAndAllOthersMember
Amount at which shown in the Balance Sheet 29,248,520us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_IndustrialMiscellaneousAndAllOthersMember
Technology [Member]  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 1,896,007us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_TechnologyMember
Market Value 4,319,201us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_TechnologyMember
Amount at which shown in the Balance Sheet 4,319,201us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_TechnologyMember
Nonredeemable preferred stocks  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 195,000us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_NonredeemablePreferredStockMember
Market Value 252,000us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_NonredeemablePreferredStockMember
Amount at which shown in the Balance Sheet 252,000us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_NonredeemablePreferredStockMember
Total other investments  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 7,284,583us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_OtherInvestmentsMember
Market Value 7,284,583us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_OtherInvestmentsMember
Amount at which shown in the Balance Sheet 7,284,583us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= us-gaap_OtherInvestmentsMember
Total Other Investments [Member]  
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]  
Cost 9,861,576us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCost
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_TotalOtherInvestmentsMember
Market Value 9,861,576us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesFairValue
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_TotalOtherInvestmentsMember
Amount at which shown in the Balance Sheet $ 9,861,576us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesCarryingAmount
/ us-gaap_SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesByTypeAxis
= itic_TotalOtherInvestmentsMember
[1] The above summary of investments does not include investments in related parties accounted for under the cost and equity methods of accounting in the amount of $1,246,346.
[2] Fixed maturities are shown at amortized cost and equity securities are shown at original cost
[3] Bonds of states, municipalities and political subdivisions are shown at amortized cost for held-to-maturity bonds and fair value for available-for-sale bonds. Equity securities are shown at fair value
v2.4.1.9
Schedule II - Condensed Balance Sheets (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Condensed Financial Statements, Captions [Line Items]        
Cash and cash equivalents $ 15,826,515us-gaap_CashAndCashEquivalentsAtCarryingValue $ 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue $ 20,810,018us-gaap_CashAndCashEquivalentsAtCarryingValue $ 18,042,258us-gaap_CashAndCashEquivalentsAtCarryingValue
Available-for-sale, fixed maturity 109,048,290us-gaap_AvailableForSaleSecuritiesDebtSecurities 91,445,413us-gaap_AvailableForSaleSecuritiesDebtSecurities    
Available for sale securities, equity securities 39,254,981us-gaap_AvailableForSaleSecuritiesEquitySecurities 36,144,065us-gaap_AvailableForSaleSecuritiesEquitySecurities    
Short-term investments 2,576,993us-gaap_OtherShortTermInvestments 7,926,373us-gaap_OtherShortTermInvestments    
Other investments 8,530,929us-gaap_OtherInvestments 7,247,831us-gaap_OtherInvestments    
Premiums and fees receivable 8,544,183us-gaap_PremiumsAndOtherReceivablesNet 8,750,224us-gaap_PremiumsAndOtherReceivablesNet    
Current income taxes recoverable 0us-gaap_IncomeTaxReceivable 366,772us-gaap_IncomeTaxReceivable    
Accrued interest and dividends 1,063,837us-gaap_AccruedInvestmentIncomeReceivable 1,006,698us-gaap_AccruedInvestmentIncomeReceivable    
Property, net 5,460,805us-gaap_PropertyPlantAndEquipmentNet 4,325,538us-gaap_PropertyPlantAndEquipmentNet    
Total Assets 198,039,210us-gaap_Assets 188,305,816us-gaap_Assets 171,918,276us-gaap_Assets  
Accounts payable and accrued liabilities 18,290,819us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 20,324,190us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent    
Deferred income taxes, net 5,415,493us-gaap_DeferredTaxLiabilities 4,013,983us-gaap_DeferredTaxLiabilities    
Total liabilities 60,475,504us-gaap_Liabilities 59,698,173us-gaap_Liabilities    
Preferred stock (1,000,000 authorized shares; no shares issued) 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue    
Common stock - no par value (10,000,000 authorized shares; 2,023,270 and 2,037,135 shares issued and outstanding 2014 and 2013, respectively, excluding 291,676 shares for 2014 and 2013 of common stock held by the Company’s subsidiary) 1us-gaap_CommonStockValue 1us-gaap_CommonStockValue    
Retained earnings 124,707,196us-gaap_RetainedEarningsAccumulatedDeficit 116,714,749us-gaap_RetainedEarningsAccumulatedDeficit    
Accumulated other comprehensive income 12,856,509us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 11,347,404us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 8,818,430us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 7,509,165us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders’ equity 137,563,706us-gaap_StockholdersEquity 128,062,154us-gaap_StockholdersEquity 114,638,890us-gaap_StockholdersEquity 106,512,184us-gaap_StockholdersEquity
Total Liabilities and Stockholders’ Equity 198,039,210us-gaap_LiabilitiesAndStockholdersEquity 188,305,816us-gaap_LiabilitiesAndStockholdersEquity    
Parent Company        
Condensed Financial Statements, Captions [Line Items]        
Cash and cash equivalents 7,942,481us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
7,210,956us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,414,297us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
4,447,183us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Available-for-sale, fixed maturity 24,358,323us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
19,202,320us-gaap_AvailableForSaleSecuritiesDebtSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Available for sale securities, equity securities 2,529,982us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,265,136us-gaap_AvailableForSaleSecuritiesEquitySecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Short-term investments 284,069us-gaap_OtherShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,213,496us-gaap_OtherShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Investments in affiliated companies 96,395,352us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
90,570,724us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Other investments 1,578,236us-gaap_OtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
737,378us-gaap_OtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Premiums and fees receivable 56,428us-gaap_PremiumsAndOtherReceivablesNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
135,669us-gaap_PremiumsAndOtherReceivablesNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Other receivables 2,220,330us-gaap_OtherReceivables
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,456,037us-gaap_OtherReceivables
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Current income taxes recoverable 1,876,242us-gaap_IncomeTaxReceivable
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,230,977us-gaap_IncomeTaxReceivable
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Accrued interest and dividends 128,221us-gaap_AccruedInvestmentIncomeReceivable
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
103,571us-gaap_AccruedInvestmentIncomeReceivable
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Property, net 2,371,078us-gaap_PropertyPlantAndEquipmentNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,504,969us-gaap_PropertyPlantAndEquipmentNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total Assets 139,740,742us-gaap_Assets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
129,631,233us-gaap_Assets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Accounts payable and accrued liabilities 2,074,347us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,558,095us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Deferred income taxes, net 102,689us-gaap_DeferredTaxLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
10,984us-gaap_DeferredTaxLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total liabilities 2,177,036us-gaap_Liabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,569,079us-gaap_Liabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Preferred stock (1,000,000 authorized shares; no shares issued) 0us-gaap_PreferredStockValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_PreferredStockValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Common stock - no par value (10,000,000 authorized shares; 2,023,270 and 2,037,135 shares issued and outstanding 2014 and 2013, respectively, excluding 291,676 shares for 2014 and 2013 of common stock held by the Company’s subsidiary) 1us-gaap_CommonStockValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1us-gaap_CommonStockValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Retained earnings 124,707,196us-gaap_RetainedEarningsAccumulatedDeficit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
116,714,749us-gaap_RetainedEarningsAccumulatedDeficit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Accumulated other comprehensive income 12,856,509us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
11,347,404us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total stockholders’ equity 137,563,706us-gaap_StockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
128,062,154us-gaap_StockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
Total Liabilities and Stockholders’ Equity $ 139,740,742us-gaap_LiabilitiesAndStockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 129,631,233us-gaap_LiabilitiesAndStockholdersEquity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
   
v2.4.1.9
Schedule II - Condensed Statement of Income (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]      
Investment income – interest and dividends $ 4,259,501us-gaap_InvestmentIncomeInterestAndDividend $ 3,894,608us-gaap_InvestmentIncomeInterestAndDividend $ 3,980,411us-gaap_InvestmentIncomeInterestAndDividend
Net realized gain (loss) on investments 268,294us-gaap_GainLossOnInvestments 195,800us-gaap_GainLossOnInvestments 1,066,239us-gaap_GainLossOnInvestments
Other 8,627,935us-gaap_OtherIncome 8,274,823us-gaap_OtherIncome 7,701,340us-gaap_OtherIncome
Total Revenues 123,119,286us-gaap_Revenues 126,251,497us-gaap_Revenues 115,079,092us-gaap_Revenues
Salaries, employee benefits and payroll taxes 25,218,225us-gaap_LaborAndRelatedExpense 25,386,511us-gaap_LaborAndRelatedExpense 21,881,540us-gaap_LaborAndRelatedExpense
Office occupancy and operations 5,049,962itic_OfficeOccupancyAndOperations 4,430,220itic_OfficeOccupancyAndOperations 3,994,244itic_OfficeOccupancyAndOperations
Business development 2,333,491us-gaap_BusinessDevelopment 2,145,639us-gaap_BusinessDevelopment 1,856,848us-gaap_BusinessDevelopment
Professional and contract labor fees 2,676,483us-gaap_ProfessionalFees 2,171,606us-gaap_ProfessionalFees 2,420,387us-gaap_ProfessionalFees
Other expenses 820,882us-gaap_OtherCostAndExpenseOperating 755,407us-gaap_OtherCostAndExpenseOperating 615,053us-gaap_OtherCostAndExpenseOperating
Income before Income Taxes 13,488,498us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 21,542,738us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 16,079,907us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
(Benefit) Provision for Income Taxes 3,816,000us-gaap_IncomeTaxExpenseBenefit 6,746,000us-gaap_IncomeTaxExpenseBenefit 4,889,000us-gaap_IncomeTaxExpenseBenefit
Net Income 9,672,498us-gaap_ProfitLoss 14,796,738us-gaap_ProfitLoss 11,190,907us-gaap_ProfitLoss
Net Income Attributable to Redeemable Noncontrolling Interest (23,523)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (88,528)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest (88,411)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
Net Income Attributable to the Company 9,648,975us-gaap_NetIncomeLoss 14,708,210us-gaap_NetIncomeLoss 11,102,496us-gaap_NetIncomeLoss
Basic Earnings per Common Share $ 4.75us-gaap_EarningsPerShareBasic $ 7.15us-gaap_EarningsPerShareBasic $ 5.33us-gaap_EarningsPerShareBasic
Weighted Average Shares Outstanding – Basic 2,031,760us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,056,169us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,081,703us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted Earnings per Common Share $ 4.74us-gaap_EarningsPerShareDiluted $ 7.08us-gaap_EarningsPerShareDiluted $ 5.24us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding – Diluted 2,037,534us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,076,628us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,116,793us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Common Stock, Dividends, Per Share, Declared $ 0.32us-gaap_CommonStockDividendsPerShareDeclared $ 0.32us-gaap_CommonStockDividendsPerShareDeclared $ 0.29us-gaap_CommonStockDividendsPerShareDeclared
Parent Company      
Condensed Financial Statements, Captions [Line Items]      
Investment income – interest and dividends 482,711us-gaap_InvestmentIncomeInterestAndDividend
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
348,933us-gaap_InvestmentIncomeInterestAndDividend
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
520,511us-gaap_InvestmentIncomeInterestAndDividend
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net realized gain (loss) on investments 9,169us-gaap_GainLossOnInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(50,778)us-gaap_GainLossOnInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
616,001us-gaap_GainLossOnInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Rental income 772,256us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
748,764us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
736,159us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Other 59,569us-gaap_OtherIncome
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
68,966us-gaap_OtherIncome
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(62,253)us-gaap_OtherIncome
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Total Revenues 1,323,705us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,115,885us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,810,418us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Salaries, employee benefits and payroll taxes 673,729us-gaap_LaborAndRelatedExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
576,429us-gaap_LaborAndRelatedExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
459,248us-gaap_LaborAndRelatedExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Office occupancy and operations 270,881itic_OfficeOccupancyAndOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
408,373itic_OfficeOccupancyAndOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
390,227itic_OfficeOccupancyAndOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Business development 49,059us-gaap_BusinessDevelopment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
45,022us-gaap_BusinessDevelopment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
25,909us-gaap_BusinessDevelopment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Taxes – other than payroll and income 200,718us-gaap_TaxesOther
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
188,314us-gaap_TaxesOther
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
240,607us-gaap_TaxesOther
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Professional and contract labor fees 192,064us-gaap_ProfessionalFees
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
351,093us-gaap_ProfessionalFees
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
245,398us-gaap_ProfessionalFees
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Other expenses 193,681us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
177,810us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
161,937us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Total operating expenses 1,580,132us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,747,041us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,523,326us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Equity in Net Income of Affiliated Companies 9,777,925us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
15,164,894us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
10,992,815us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Income before Income Taxes 9,521,498us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
14,533,738us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
11,279,907us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Benefit) Provision for Income Taxes (151,000)us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(263,000)us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
89,000us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net Income 9,672,498us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
14,796,738us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
11,190,907us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net Income Attributable to Redeemable Noncontrolling Interest (23,523)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(88,528)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(88,411)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net Income Attributable to the Company $ 9,648,975us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 14,708,210us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 11,102,496us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Basic Earnings per Common Share $ 4.75us-gaap_EarningsPerShareBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 7.15us-gaap_EarningsPerShareBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 5.33us-gaap_EarningsPerShareBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Weighted Average Shares Outstanding – Basic 2,031,760us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,056,169us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,081,703us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Diluted Earnings per Common Share $ 4.74us-gaap_EarningsPerShareDiluted
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 7.08us-gaap_EarningsPerShareDiluted
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 5.24us-gaap_EarningsPerShareDiluted
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Weighted Average Shares Outstanding – Diluted 2,037,534us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,076,628us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,116,793us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Common Stock, Dividends, Per Share, Declared $ 0.32us-gaap_CommonStockDividendsPerShareDeclared
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 0.32us-gaap_CommonStockDividendsPerShareDeclared
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 0.29us-gaap_CommonStockDividendsPerShareDeclared
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
v2.4.1.9
Schedule II - Condensed Statement of Cash Flows (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities      
Net income $ 9,672,498us-gaap_ProfitLoss $ 14,796,738us-gaap_ProfitLoss $ 11,190,907us-gaap_ProfitLoss
Depreciation 833,104us-gaap_Depreciation 669,727us-gaap_Depreciation 486,922us-gaap_Depreciation
Amortization, net 630,782us-gaap_AdjustmentForAmortization 507,111us-gaap_AdjustmentForAmortization 468,006us-gaap_AdjustmentForAmortization
Net loss (gain) on disposals of property 24,608us-gaap_GainLossOnSaleOfPropertyPlantEquipment 7,831us-gaap_GainLossOnSaleOfPropertyPlantEquipment (28,538)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Net loss (earnings) from other investments (1,450,980)us-gaap_GainLossOnSaleOfOtherInvestments (1,257,266)us-gaap_GainLossOnSaleOfOtherInvestments (1,674,594)us-gaap_GainLossOnSaleOfOtherInvestments
(Benefit) provision for deferred income taxes 611,000us-gaap_DeferredIncomeTaxExpenseBenefit 1,804,000us-gaap_DeferredIncomeTaxExpenseBenefit (292,000)us-gaap_DeferredIncomeTaxExpenseBenefit
(Increase) decrease in receivables 206,041us-gaap_IncreaseDecreaseInReceivables 2,287,489us-gaap_IncreaseDecreaseInReceivables (4,227,714)us-gaap_IncreaseDecreaseInReceivables
Increase (Decrease) in Income Taxes Receivable (366,772)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 366,772us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 0us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
(Increase) decrease in other assets (393,359)us-gaap_IncreaseDecreaseInOtherOperatingAssets (2,906,224)us-gaap_IncreaseDecreaseInOtherOperatingAssets (407,252)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in accounts payable and accrued liabilities (2,080,492)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 4,923,858us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 2,372,995us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by (used in) operating activities 9,683,980us-gaap_NetCashProvidedByUsedInOperatingActivities 15,304,485us-gaap_NetCashProvidedByUsedInOperatingActivities 8,685,413us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities      
Capital contribution to subsidiaries 0us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross (350,000)us-gaap_PaymentsToAcquireBusinessesGross
Purchases of available-for-sale securities (30,899,452)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (23,466,037)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (15,899,439)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Purchases of short-term securities (911,188)us-gaap_PaymentsToAcquireShortTermInvestments (2,638,908)us-gaap_PaymentsToAcquireShortTermInvestments (6,347,527)us-gaap_PaymentsToAcquireShortTermInvestments
Purchases of and net earnings from other investments (1,689,950)us-gaap_PaymentsToAcquireOtherInvestments (1,369,210)us-gaap_PaymentsToAcquireOtherInvestments (3,441,412)us-gaap_PaymentsToAcquireOtherInvestments
Proceeds from sales and maturities of available-for-sale securities 12,472,817us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 9,892,634us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 15,646,381us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Proceeds from sales and maturities of short-term securities 6,260,568us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments 8,280,183us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments 6,892,141us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
Proceeds from sales and distributions of other investments 1,584,337us-gaap_ProceedsFromSaleOfOtherInvestments 2,107,675us-gaap_ProceedsFromSaleOfOtherInvestments 2,301,647us-gaap_ProceedsFromSaleOfOtherInvestments
Proceeds from sales of other assets 38,052us-gaap_ProceedsFromSaleOfOtherProductiveAssets 40,366us-gaap_ProceedsFromSaleOfOtherProductiveAssets 220,455us-gaap_ProceedsFromSaleOfOtherProductiveAssets
Purchases of property (2,017,379)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,424,108)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (568,728)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from disposals of property 24,400us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 24,335us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 65,837us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash provided by investing activities (15,653,070)us-gaap_NetCashProvidedByUsedInInvestingActivities (8,553,070)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,480,645)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities      
Repurchases of common stock (1,055,765)us-gaap_PaymentsForRepurchaseOfCommonStock (4,262,260)us-gaap_PaymentsForRepurchaseOfCommonStock (3,975,532)us-gaap_PaymentsForRepurchaseOfCommonStock
Exercise of options 27,100us-gaap_ProceedsFromStockOptionsExercised 75,797us-gaap_ProceedsFromStockOptionsExercised 160,557us-gaap_ProceedsFromStockOptionsExercised
Excess Tax Benefit from Share-based Compensation, Financing Activities 15,999us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 946,605us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 22,101us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividends paid (650,433)us-gaap_PaymentsOfDividends (657,914)us-gaap_PaymentsOfDividends (603,334)us-gaap_PaymentsOfDividends
Net cash used in financing activities (1,831,156)us-gaap_NetCashProvidedByUsedInFinancingActivities (3,934,672)us-gaap_NetCashProvidedByUsedInFinancingActivities (4,437,008)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net Increase (Decrease) in Cash and Cash Equivalents (7,800,246)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,816,743us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 2,767,760us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents, Beginning of Period 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue 20,810,018us-gaap_CashAndCashEquivalentsAtCarryingValue 18,042,258us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents, End of Period 15,826,515us-gaap_CashAndCashEquivalentsAtCarryingValue 23,626,761us-gaap_CashAndCashEquivalentsAtCarryingValue 20,810,018us-gaap_CashAndCashEquivalentsAtCarryingValue
Parent Company      
Operating Activities      
Net income 9,672,498us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
14,796,738us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
11,190,907us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Equity in net earnings of subsidiaries (9,777,925)us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(15,164,894)us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(10,992,815)us-gaap_IncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Depreciation 136,369us-gaap_Depreciation
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
136,031us-gaap_Depreciation
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
133,334us-gaap_Depreciation
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Amortization, net 210,768us-gaap_AdjustmentForAmortization
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
69,969us-gaap_AdjustmentForAmortization
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
51,111us-gaap_AdjustmentForAmortization
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Issuance of common stock in payment of bonuses and fees 164,730us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
76,110us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
54,041us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net loss (gain) on disposals of property 2,722us-gaap_GainLossOnSaleOfPropertyPlantEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_GainLossOnSaleOfPropertyPlantEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_GainLossOnSaleOfPropertyPlantEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net realized (gain) loss on investments 19,231us-gaap_GainLossOnSaleOfInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(50,778)us-gaap_GainLossOnSaleOfInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
616,001us-gaap_GainLossOnSaleOfInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net loss (earnings) from other investments 322us-gaap_GainLossOnSaleOfOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(32,499)us-gaap_GainLossOnSaleOfOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
91,256us-gaap_GainLossOnSaleOfOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Benefit) provision for deferred income taxes (40,000)us-gaap_DeferredIncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(93,000)us-gaap_DeferredIncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
48,000us-gaap_DeferredIncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Increase) decrease in receivables (685,052)us-gaap_IncreaseDecreaseInReceivables
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(146,247)us-gaap_IncreaseDecreaseInReceivables
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
368,574us-gaap_IncreaseDecreaseInReceivables
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Increase (Decrease) in Income Taxes Receivable (1,354,735)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,646,373us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
398,445us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Increase) decrease in other assets (24,650)us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(101)us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
20,224us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Increase (decrease) in accounts payable and accrued liabilities 516,252us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(8,118)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(124,799)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash provided by (used in) operating activities 1,511,538us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,961,606)us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(174,613)us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Investing Activities      
Capital contribution to subsidiaries 0us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(250,000)us-gaap_PaymentsToAcquireBusinessesGross
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Dividends received from subsidiaries 5,051,664us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,252,919us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
5,609,489us-gaap_InvestmentsInAndAdvancesToAffiliatesDividendsOrInterest
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Purchases of available-for-sale securities (6,883,612)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(10,360,919)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(4,960,208)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Purchases of short-term securities (104,207)us-gaap_PaymentsToAcquireShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(58,283)us-gaap_PaymentsToAcquireShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(3,565)us-gaap_PaymentsToAcquireShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Purchases of and net earnings from other investments (964,197)us-gaap_PaymentsToAcquireOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(49,485)us-gaap_PaymentsToAcquireOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(94,881)us-gaap_PaymentsToAcquireOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds from sales and maturities of available-for-sale securities 1,631,987us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,027,896us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
5,033,298us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds from sales and maturities of short-term securities 2,033,634us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,748,876us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,641,978us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds from sales and distributions of other investments 123,017us-gaap_ProceedsFromSaleOfOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
45,384us-gaap_ProceedsFromSaleOfOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
505,832us-gaap_ProceedsFromSaleOfOtherInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds from sales of other assets 0us-gaap_ProceedsFromSaleOfOtherProductiveAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
4,832us-gaap_ProceedsFromSaleOfOtherProductiveAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
176,815us-gaap_ProceedsFromSaleOfOtherProductiveAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Purchases of property (5,200)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(24,820)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(98,722)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds from disposals of property 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
7,200us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash provided by investing activities 883,086us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
4,593,600us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,560,036us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Financing Activities      
Repurchases of common stock (1,055,765)us-gaap_PaymentsForRepurchaseOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(4,262,260)us-gaap_PaymentsForRepurchaseOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(3,975,532)us-gaap_PaymentsForRepurchaseOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Exercise of options 27,100us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
75,797us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
160,557us-gaap_ProceedsFromStockOptionsExercised
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Excess Tax Benefit from Share-based Compensation, Financing Activities 15,999us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,042us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Dividends paid (650,433)us-gaap_PaymentsOfDividends
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(657,914)us-gaap_PaymentsOfDividends
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(603,334)us-gaap_PaymentsOfDividends
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash used in financing activities (1,663,099)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(4,835,335)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(4,418,309)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net Increase (Decrease) in Cash and Cash Equivalents 731,525us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(2,203,341)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
4,967,114us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash and Cash Equivalents, Beginning of Period 7,210,956us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,414,297us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
4,447,183us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash and Cash Equivalents, End of Period 7,942,481us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
7,210,956us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,414,297us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Supplemental Disclosures:      
Income tax payments, net $ 2,699,000us-gaap_IncomeTaxesPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 5,583,000us-gaap_IncomeTaxesPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 4,392,000us-gaap_IncomeTaxesPaid
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
v2.4.1.9
Schedule II - Notes to Condensed Financial Statements (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid to parent by wholly owned subsidiaries $ 5,051,664us-gaap_CashDividendsPaidToParentCompany $ 9,252,919us-gaap_CashDividendsPaidToParentCompany $ 5,609,489us-gaap_CashDividendsPaidToParentCompany
Investors Title Insurance Company, net      
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid (received) to (from) Parent Company 4,906,664itic_CashDividendsPaidReceivedtofromParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
[1] 9,102,919itic_CashDividendsPaidReceivedtofromParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
[1] 5,169,489itic_CashDividendsPaidReceivedtofromParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
[1]
Cash dividends paid to parent by wholly owned subsidiaries 5,000,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
9,196,255us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
5,254,075us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
Dividend received from parent company 93,336us-gaap_ProceedsFromDividendsReceived
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
93,336us-gaap_ProceedsFromDividendsReceived
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
84,586us-gaap_ProceedsFromDividendsReceived
/ dei_LegalEntityAxis
= itic_InvestorsTitleInsuranceCompanyMember
Investors Title Exchange Corporation      
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid to parent by wholly owned subsidiaries 50,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleExchangeCorporationMember
50,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleExchangeCorporationMember
10,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleExchangeCorporationMember
Investors Title Accommodation Corporation      
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid to parent by wholly owned subsidiaries 10,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleAccommodationCorporationMember
0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleAccommodationCorporationMember
30,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleAccommodationCorporationMember
Investors Title Management Services, Inc.      
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid to parent by wholly owned subsidiaries 0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleManagementServicesInc.Member
0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleManagementServicesInc.Member
0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleManagementServicesInc.Member
Investors Capital Management Company      
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid to parent by wholly owned subsidiaries 40,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleCapitalManagementCorporationMember
0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleCapitalManagementCorporationMember
50,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleCapitalManagementCorporationMember
Investors Trust Company      
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid to parent by wholly owned subsidiaries 0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTrustCompanyMember
100,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTrustCompanyMember
350,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTrustCompanyMember
Investors Title Commercial Agency, LLC      
Condensed Financial Statements, Captions [Line Items]      
Cash dividends paid to parent by wholly owned subsidiaries $ 45,000us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleCommercialAgencyMember
$ 0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleCommercialAgencyMember
$ 0us-gaap_CashDividendsPaidToParentCompany
/ dei_LegalEntityAxis
= itic_InvestorsTitleCommercialAgencyMember
[1] Total dividends of $5,000,000, $9,196,255 and $5,254,075 paid to the Parent Company in 2014, 2013 and 2012, respectively, netted with dividends of $93,336, $93,336 and $84,586 received from the Parent Company in 2014, 2013 and 2012, respectively.
v2.4.1.9
Schedule III (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Supplementary Insurance Information, by Segment [Line Items]      
Supplementary Insurance Information, Deferred Policy Acquisition Costs $ 0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts $ 0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts $ 0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts
Future Policy Benefits, Losses, Claims and Loss Expenses 36,677,000us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves 35,360,000us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves 39,078,000us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
Unearned Premiums 0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums 0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums 0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums
Other Policy Claims and Benefits Payable 236,401us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable 389,807us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable 461,566us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
Premium Revenue 109,963,556us-gaap_SupplementaryInsuranceInformationPremiumRevenue 113,886,266us-gaap_SupplementaryInsuranceInformationPremiumRevenue 102,331,102us-gaap_SupplementaryInsuranceInformationPremiumRevenue
Net Investment Income 4,259,501us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome 3,894,608us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome 3,980,411us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome
Benefits, Claims. Losses and Settlement Expenses 5,229,716us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense (571,596)us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense 6,072,115us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense
Amortization of Deferred Policy Acquisition Costs 0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts 0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts 0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts
Other Operating Expenses 104,401,072us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense 105,280,355us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense 92,927,070us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense
Title Insurance      
Supplementary Insurance Information, by Segment [Line Items]      
Supplementary Insurance Information, Deferred Policy Acquisition Costs 0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Future Policy Benefits, Losses, Claims and Loss Expenses 36,677,000us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
35,360,000us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
39,078,000us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Unearned Premiums 0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Other Policy Claims and Benefits Payable 236,401us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
389,807us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
461,566us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Premium Revenue 109,963,556us-gaap_SupplementaryInsuranceInformationPremiumRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
113,886,266us-gaap_SupplementaryInsuranceInformationPremiumRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
102,331,102us-gaap_SupplementaryInsuranceInformationPremiumRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Net Investment Income 3,741,873us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
3,505,770us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
3,408,412us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Benefits, Claims. Losses and Settlement Expenses 5,229,716us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
(571,596)us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
6,072,115us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Amortization of Deferred Policy Acquisition Costs 0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
Other Operating Expenses 98,620,374us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
99,093,515us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
87,545,115us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_TitleInsuranceSegmentMember
All Other      
Supplementary Insurance Information, by Segment [Line Items]      
Supplementary Insurance Information, Deferred Policy Acquisition Costs 0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Future Policy Benefits, Losses, Claims and Loss Expenses 0us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Unearned Premiums 0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationUnearnedPremiums
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Other Policy Claims and Benefits Payable 0us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationOtherPolicyClaimsAndBenefitsPayable
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Premium Revenue 0us-gaap_SupplementaryInsuranceInformationPremiumRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationPremiumRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationPremiumRevenue
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Net Investment Income 517,628us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
388,838us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
571,999us-gaap_SupplementaryInsuranceInformationNetInvestmentIncome
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Benefits, Claims. Losses and Settlement Expenses 0us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationBenefitsClaimsLossesAndSettlementExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Amortization of Deferred Policy Acquisition Costs 0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
0us-gaap_SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
Other Operating Expenses $ 5,780,698us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
$ 6,186,840us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
$ 5,381,955us-gaap_SupplementaryInsuranceInformationOtherOperatingExpense
/ us-gaap_StatementBusinessSegmentsAxis
= us-gaap_AllOtherSegmentsMember
v2.4.1.9
Schedule IV (Details) (Title Insurance, USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Title Insurance
     
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]      
Direct Premiums Earned $ 110,065,581us-gaap_DirectPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
$ 114,091,457us-gaap_DirectPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
$ 102,548,126us-gaap_DirectPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
Ceded Premiums Earned 140,017us-gaap_CededPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
211,482us-gaap_CededPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
232,683us-gaap_CededPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
Assumed Premiums Earned 37,992us-gaap_AssumedPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
6,291us-gaap_AssumedPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
15,659us-gaap_AssumedPremiumsEarned
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
Net Amount $ 109,963,556us-gaap_PremiumsEarnedNet
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
$ 113,886,266us-gaap_PremiumsEarnedNet
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
$ 102,331,102us-gaap_PremiumsEarnedNet
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
Premiums, Percentage Assumed to Net 0.03%us-gaap_PremiumsPercentageAssumedToNet
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
0.01%us-gaap_PremiumsPercentageAssumedToNet
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
0.02%us-gaap_PremiumsPercentageAssumedToNet
/ us-gaap_ReinsurancePremiumsForInsuranceCompaniesByProductSegmentAxis
= us-gaap_TitleInsuranceSegmentMember
v2.4.1.9
Schedule V (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Valuation Provision      
Valuation and Qualifying Accounts Disclosure [Line Items]      
Balance at Beginning of Period $ 2,620,903us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
$ 1,902,581us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
$ 1,218,000us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
Additions Charged to Costs and Expenses 6,287,694us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
7,536,381us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
6,008,281us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
Additions Charge to Other Accounts - Describe 0us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
0us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
0us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
Deductions - Describe (5,885,866)us-gaap_ValuationAllowancesAndReservesDeductions
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
[1] (6,818,059)us-gaap_ValuationAllowancesAndReservesDeductions
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
[1] (5,323,700)us-gaap_ValuationAllowancesAndReservesDeductions
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
[1]
Balance at End of Period 3,022,731us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
2,620,903us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
1,902,581us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= us-gaap_AllowanceForUncollectiblePremiumsReceivableMember
Reserves for Claims      
Valuation and Qualifying Accounts Disclosure [Line Items]      
Balance at Beginning of Period 35,360,000us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
39,078,000us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
37,996,000us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
Additions Charged to Costs and Expenses 5,229,716us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
(571,596)us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
6,072,115us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
Additions Charge to Other Accounts - Describe 0us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
0us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
0us-gaap_ValuationAllowancesAndReservesChargedToOtherAccounts
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
Deductions - Describe (3,912,716)us-gaap_ValuationAllowancesAndReservesDeductions
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
[2] (3,146,404)us-gaap_ValuationAllowancesAndReservesDeductions
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
[2] (4,990,115)us-gaap_ValuationAllowancesAndReservesDeductions
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
[2]
Balance at End of Period $ 36,677,000us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
$ 35,360,000us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
$ 39,078,000us-gaap_ValuationAllowancesAndReservesBalance
/ us-gaap_ValuationAllowancesAndReservesTypeAxis
= itic_ReserveforClaimsMember
[1] Canceled premiums
[2] Payments of claims, net of recoveries