Preneed
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…
As 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…
A 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…
A 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…
For 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…
Author Andrew Zashin comments in the Cleveland Jewish News that when meeting with an attorney to consider drafting a will one should also talk about a “Preneed Funeral Contract”. He states that the consumer can meet with a reputable funeral director to do virtually everything he wants to do – from selecting the services to…
A recent investigation by the Toronto Star and CBC was published in the Hamilton Spectator and pointed out consumer issues with pricing in Canadian funeral homes. Reporters focused in on funeral homes owned by Toronto based Arbor Memorial and the United State’s death care giant, Service Corporation International (SCI). In a contrast to what we…
