XML 15 R54.htm IDEA: XBRL DOCUMENT
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.

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of debt securities categorized neither as held-to-maturity nor trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -Subparagraph (b)-(g) -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of equity securities categorized neither as held-to-maturity nor as trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 + Details
Name: | us-gaap_AvailableForSaleSecuritiesEquitySecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.2) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Subparagraph g -Article 7 + Details
Name: | us-gaap_ShortTermInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_EligibleItemOrGroupForFairValueOptionAxis=itic_CommonStockAndNonredeemablePreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_EligibleItemOrGroupForFairValueOptionAxis=us-gaap_CorporateDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_EligibleItemOrGroupForFairValueOptionAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |