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Discontinued Operations - Schedule of Discontinued Operations Reflected in Consolidated Condensed Statements of Income (Parenthetical) (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
HighMount [Member]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Income tax benefit on impairment loss/loss on sale $ 62us-gaap_DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal
/ dei_LegalEntityAxis
= l_HighMountMember
CAC [Member]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Income tax benefit on impairment loss/loss on sale $ 40us-gaap_DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal
/ dei_LegalEntityAxis
= l_ContinentalAssuranceCompanyMember