Preneed
Back in the 1990s as our State of Minnesota began allowing insurance policies to be a repository for pre-need funeral arrangement funding, many funeral homes, mine included, started insurance agencies in order to profit from the decision. Since, Minnesota is a 100% trusting state, prior to that decision if a family gave you $5000 to…
Read MoreIt is interesting for me to speculate on what is happening in the Pre-Need insurance market. While I have access to some statistics – it is by all means when considering the national perspective – a small sampling size. However, I do see a couple of things trending that I would indicate that the Pre-Need…
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 MoreAs you are probably aware of we at Funeral Director Daily have built up our own index of public stocks which reflect six companies with, at least a part of their business entity in the Death Care profession. Our hope is that by watching this index, and how the companies operate, we can learn something…
Read MoreA recent press release by Homesteaders Life Company, a funeral industry pre-arrangement company, announced that a succession plan for the leadership of the company was recently passed at their May 2017 meeting. Using forward thinking the board accepted CEO Stephen Lang’s pending retirement in March 2018 and approved the plan to have COO Stephen Shaffer…
Read MoreA Benton, Kentucky funeral home has had his funeral home searched as allegations of fraud have been leveled against him. According to the West Kentucky Star.com article, the Kentucky Department of Insurance is investigating complaints from customers who allegedly paid Filbeck-Cann & King Funeral Home owner Tim King to buy insurance policies that he never…
Read MoreFor those of you who have actually sat in the arrangement conference room the above headline probably is no surprise. A press release from Response Source, who is advocating on the part of Pure Cremation, is an interesting read on how arguments over funeral arrangements can happen. According to the release one of the top…
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