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Retirement Agreements And Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2012
Retirement Agreements And Other Postretirement Benefits [Abstract]  
Retirement Agreements And Other Postretirement Benefits

Note 5 – Retirement Agreements and Other Postretirement Benefits

     On November 17, 2003, the Company's subsidiary, Investors Title Insurance Company, entered into employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement totaling $5,860,000 and $5,740,000 as of March 31, 2012 and December 31, 2011, respectively. The executive employee benefits include health insurance, dental, vision and life insurance and are unfunded. These amounts are classified as accounts payable and accrued liabilities in the Consolidated Balance Sheets. The following sets forth the net periodic benefits cost for the executive benefits for the periods ended March 31, 2012 and 2011:

    For the Three
    Months Ended
    March 31,
    2012   2011
 
Service cost – benefits earned during the year $ 3,154 $ 6,424
Interest cost on the projected benefit obligation   6,967   7,689
Amortization of unrecognized prior service cost   2,349   5,097
Amortization of unrecognized losses   170   643
Net periodic benefits costs $ 12,640 $ 19,853