I found a couple of items in the news about issues at cemeteries or proposed cemeteries and either one is worthy of editorial space, but since they were both in the news at the same time and it is the Friday issue of Funeral Director Daily, I am presenting them both to you to read…
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…
BUSINESS
More Americans take on debt to cover funerals
I came across this recent article from USA Today titled “Americans are going into debt over death. Here are affordability tips.” Reading that article led me to a survey and results from Debt.com and…
The Green Funeral movement is alive in New York City
Amy Cunningham is a friend of mine. She was a writer/editor who has become a funeral director and she has teased me that I was a funeral director who has became a writer/editor with…
Opinion: The Jewish Faith and Cremation
I grew up in the very homogeneous community of Alexandria, Minnesota. From this Wikipedia article you can see that the city at the time of my growing up had a population of a little…
FINANCE
Park Lawn purchases 8 funeral homes in greater Oklahoma City
Late last week we received this press release that indicates that Park Lawn Corporation acquired eight stand-alone funeral homes in locations spanning the greater Oklahoma City market. It represents Park Lawn’s entrance into the…
More Americans take on debt to cover funerals
I came across this recent article from USA Today titled “Americans are going into debt over death. Here are affordability tips.” Reading that article led me to a survey and results from Debt.com and…
The public Death Care companies are in the news
With the advent of increased private equity ownership in the Death Care business there are not a lot of public companies to draw information from that you can compare with your own funeral home. …
REGULATIONS
Missing body causing problems between family and cemetery
According to details in this article from CBC Canada Royal Air Force glider pilot veteran Gordon Patrick was buried at the Green Acres Cemetery outside of Winnipeg, Manitoba, following his death in 1973. …
Subject of iconic “Homecoming” photo died on Veterans Day
This is Thanksgiving weekend — a time to reflect and give thanks for the lives we are living. Those of you who are old enough will remember back in 1973 a time when our…
Happy Thanksgiving — Enjoy, food, family, and football!!!
This year for my evening devotions I am using a book of daily notes by Billy Graham titled, “Wisdom for Each Day“. It was in the back of my mind to write something for…
CEMETERY
The Green Funeral movement is alive in New York City
Amy Cunningham is a friend of mine. She was a writer/editor who has become a funeral director and she has teased me that I was a funeral director who has became a writer/editor with…
Opinion: The Jewish Faith and Cremation
I grew up in the very homogeneous community of Alexandria, Minnesota. From this Wikipedia article you can see that the city at the time of my growing up had a population of a little…
Missing body causing problems between family and cemetery
According to details in this article from CBC Canada Royal Air Force glider pilot veteran Gordon Patrick was buried at the Green Acres Cemetery outside of Winnipeg, Manitoba, following his death in 1973. …
CREMATION
Opinion: The Jewish Faith and Cremation
I grew up in the very homogeneous community of Alexandria, Minnesota. From this Wikipedia article you can see that the city at the time of my growing up had a population of a little…
Does KFC have a template for Death Care?
Alex Fasciano, an analyst for CFRA Research suggests that quick service restaurant player KFC’s (formerly Kentucky Fried Chicken) strategy is “. .centered on driving growth through brand relevance, marketing innovation, (and) operational excellence. .…
Cremation Air: A new service to help funeral homes
Funeral Director Daily learned last week that one of the best known names in Death Care was branching out to continue to help funeral directors. The Czachor family, founders of the leading funeral home…
PRENEED
More Americans take on debt to cover funerals
I came across this recent article from USA Today titled “Americans are going into debt over death. Here are affordability tips.” Reading that article led me to a survey and results from Debt.com and…
Preneed companies emerge as funeral home lending sources
Morgan Stanley, a global financial services firm that provides a wide range of products and services, including investment banking, wealth management, consumer banking, and brokerage services, recently made this comment in an article, “Life…
Co-op Funeralcare increases “Funeral Plan” sales over 17% despite cyberattack
An April cyberattack which you can read about here probably cost the parent company of Great Britain’s largest funeral home operator, Co-op Funeralcare, about a US$ 107 million profit swing but didn’t seem to…
PRODUCTS
The Green Funeral movement is alive in New York City
Amy Cunningham is a friend of mine. She was a writer/editor who has become a funeral director and she has teased me that I was a funeral director who has became a writer/editor with…
More breakthrough technologies from OneRoom available
The streaming, recording, and re-watching of Death Care memorial events is becoming more and more a staple of what consumers are now expecting from their Death Care event professional. And much like any new…
Families falling short of funeral funds
It is not surprising that at the same time we are seeing consumer confidence erode in the U.S.A. that we are also finding some statistical data to tell us that funeral client families are…
