Pre-Need
Even before Robert Waltrip bought that second location in Houston in the early 1960’s there were lots of funeral homes that changed hands. And, I’m guessing that over the years about 99% of those business transactions, especially the transferring of a funeral home to a new owner in a small community, went off without a…
Read MoreAccording to this article from the Manistee News, a former funeral home manager has pleaded guilty to taking over $223,000 in pre-need funds. The plea would assure the defendent, Mr. Denis Johnson, age 69, of Manistee, Michigan, that he would serve no jail time as long as restitution to the approximately 60-70 victims is completed…
Read MoreWe received a couple of articles out of Springfield, Illinois, today concerning a southern Illinois funeral director who has been sentenced to prison for his role in failing to deposit payments for preneed funeral services. You can read about the case in these articles from WGN Web and from KFVS 12. According to the articles,…
Read MoreWe’ve all been targets of other businesses. Have you ever received a printed piece of mail for something? As you surf the internet are certain ads continuing to come up on the pages you go to? If that has happened to you. . then you have been targeted. I first really noticed the targeting concept…
Read MoreAustralia – After a series of high profile abuses of the financial services industry in Australia in the last couple of years, the Australian government commissioned High Court Justice and royal commissioner Kenneth Hayne to investigate the complete financial services industry and come up with some ideas on how to regulate such. That report has…
Read MoreAssurant reported their 2nd Quarter results last week. You can read their report here. The worldwide conglomerate operating in the insurance and warranty business has one of its three business segments that operates in what they call “Global Preneed”. That is the part of the company that we at Funeral Director Daily like to review.…
Read MoreA press release from BusinessWire has indicated that the Great Western Insurance Company (GWIC) of Ogden, Utah, has had A.M. Best upgrade their Long-Term Issuer Credit Rating to “bbb+” from “bbb”. The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the Financial Strength Rating is stable. The…
Read MoreWorld-wide niche insurance conglomerate Assurant reported slightly higher Net Operating Income for the 2017 2nd Quarter over the same quarter last year.They also reported higher income by 13% in the Global Pre-Need segment over the same quarter one year ago. Pre-Need income was up according to the company statement due to higher fee and investment…
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