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Retirement Agreements And Other Postretirement Benefits
 9 Months Ended
Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]  
Retirement Agreements And Other Postretirement Benefits
Retirement Agreements and Other Postretirement Benefits

The Company’s subsidiary, Investors Title Insurance Company, is party to employment agreements with key executives that provide for the continuation of certain employee benefits and other payments due under the agreements upon retirement totaling $6,597,000 and $6,303,000 as of September 30, 2013 and December 31, 2012, 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 September 30, 2013 and 2012:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Service cost – benefits earned during the year
$
3,946

 
$
3,155

 
$
11,837

 
$
9,463

Interest cost on the projected benefit obligation
7,103

 
6,966

 
21,309

 
20,900

(Accretion) amortization of unrecognized prior service cost
(380
)
 
2,349

 
(1,139
)
 
7,047

Amortization of unrecognized losses
1,573

 
171

 
4,720

 
511

Net periodic benefits costs
$
12,242

 
$
12,641

 
$
36,727

 
$
37,921