Funeral Director Daily
A 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…
The Loveland Reporter-Herald has recently reported that Colorado based Allnutt Funeral Service has been acquired by Service Corporation International and will become part of the company’s Dignity Memorial Network. Allnutt Funeral Service is a 131 year old company that was started in Greeley, Colorado and now has 13 locations. According to Allnutt’s President, Rick Allnutt,…
As Funeral Director Daily starts to roll-out our product to the death care industry we will continue to feature one article per day on an industry happening and give our opinion on that article to be used for the benefit of our readers. While we have tested our ideas and system we have also realized…
Just when we are starting to get our hands around the idea of green burials and alkaline hydrolysis joining the traditional methods of earth burial and flame cremation as new concepts in the disposition of human remains along comes an article on what is termed as “ecoLation” to give us more to think about as…
Hillenbrand Industries, the parent company of Batesville Casket Company, posted 3rd Quarter earnings yesterday and did so by showing an increase in revenues to almost $396 million for the quarter. That represents a 7% increase over the same quarter in 2016 and puts their fiscal year 9-month revenues about $38 million (3.4%) over the same…
World-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…
The web-site GoLocalProvidence published an interesting article yesterday. The essence of the article is that a Muslim leader in the area has accused a Rhode Island funeral home, Woodlawn Funeral Home, as being both anti-semetic and anti-Muslim, because in his opinion, his family was turned away for service. The Muslim accuser, Farid Ansara, claims that…
If you follow the news and know what is happening with the budgets of Chicago and the State of Illinois recent news from the Chicago Daily Herald is somewhat surprising. For the first time in years, Illinois lawmakers have made money available for funeral homes who handle the poor and indigent. According to the article,…
Worldwide conglomerate Matthews International posted expected in-line earnings of $1.05/share as compared to $0.97/share for the same quarter a year ago. Quarterly revenues were $389.6 million as compared to $382.1 million last year and quarterly profits were $29.5 million as compared to $23.9 million. You can see their Press Release here. Management reflected that higher…
