Funeral Director Daily
On Tuesday, April 24, publicly owned death care industry company, Carriage Services, announced its 1st Quarter 2018 results. You can read their press release with financials included here. The company announced record revenues of $73.4 million for the quarter. That is a 7.7% increase over the same period of a year ago. Funeral Director…
Recently I was reading a business plan of a public company funeral home consolidator and when talking about how they look at the pre-need market, they mentioned that they look at Pre-Need as a “defensive posture” for holding on to call volume. That was interesting to me because I have always looked at Pre-Need as…
While not specific to the death care portion of their industry, A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) for the U.S. property/casualty subsidiaries of Assurant, Inc. The credit rating company has also affirmed the Long-Term Issuer Credit Ratings of Assurant at bbb+. Best continues that the outlook of these Credit…
I recently read an article from the South China Morning Post that you can read here. The article touches on the fact that the Jiangnan City Daily reported that about 400 villagers in Shangrao county of Jiangxi province were paid about 1,000 yuan (about $159) to have their caskets crushed. The article goes on to say that…
The death care branch of public company Security National Financial Corporation, Memorial Mortuaries and Cemeteries, was awarded two of the Best of State Awards in Utah recently. You can read about it in the company’s press release here. The Best of State Awards were presented in the categories of Best of State for Funeral Services…
Just last Friday we reported of a case that was in trial concerning the issue of six Mississippi black-owned funeral homes believing that they did not receive as many death calls, proportionately, from the coroner of Harrison County as white-owned funeral homes did. The plaintiffs were asking for $870,000 in damages for the years 2012-2016.…
An article in the Daily Times of Maryville, Tennessee, that you can read here announced that the Smith Funeral and Cremation Service has successfully applied for, and been approved, to add a crematory in their existing funeral home inside the city limits of Maryville. Owners Jason Chambers and C. Lynn Gibson indicated that the cremation…
Testimony continued in the Gulfport, Mississippi, trial where six black-owned funeral homes have contended that Harrison County and its coroner, Gary Hargraves, have discriminated against them by sending deceased bodies in greater numbers to the white-owned funeral homes in the county. In testimony yesterday, which is summed up by the Associated Press here, Harrison County…
