preneed
In a press release dated today out of Murray, Utah, we learned that the Security National Financial Corporation (SNFC) has closed on its purchase of the Kilpatrick Life Insurance Company domiciled in Louisiana. Both companies operate to some degree in the pre-need funeral funding insurance market. You can read the press release as provided from…
Read MoreWe received a couple of articles out of Springfield, Illinois, today concerning a southern Illinois funeral director who has been sentenced to prison for his role in failing to deposit payments for preneed funeral services. You can read about the case in these articles from WGN Web and from KFVS 12. According to the articles,…
Read MoreI’ve been involved in the funeral business long enough to see the State of Minnesota move, in what I consider a more consumer friendly way, in respect to the business of preneed. I can go back to the 1980’s when we were only allowed to put a consumer’s designated funeral funds into a bank guaranteed…
Read MoreAccording to an article published yesterday from Radio Iowa that you can read here, the Iowa attorney general is going to court asking that the Iowa Insurance Division be allowed to step in and try to recoup money from two funeral homes under investigation. According to a statement in the article, Dennis Britson, of the…
Read MoreDeadHappy, the United Kingdoms technical insurance startup that recently received about US $ 5 million in Series A funding, announced in this article from Techcrunch, that they hope to get more involved in the wishes of their insured, including making sure that your funeral is the way you want it. The company was founded in…
Read MoreI came across this article the other day about the rise of crowdfunding to pay for funerals. Now, this is not the first time we have written about this subject, but this article is interesting because it points out some statistics and trends behind this phenomena. The article is a public relations article about the…
Read MoreFoundation Partners Group (FGP), headquartered in Orlando, Florida, announced earlier this week the acquisition of the three location Beers & Story Funeral Homes in Western Massachusetts. Here is the FGP press release pertaining to the acquisition. Beers & Story is a three generation firm that can trace its roots to the early 1900’s when Bert…
Read MoreThe state of Colorado is in the news often these days. Demographers tell us that in many ways it appears to be a bellwether of things to come in the United States. It is growing by leaps and bounds, the diversity of the people is rapidly expanding to resemble what America’s diverse population will eventually…
Read MoreLast October we brought you a story about an Austin, Texas, funeral home where the Texas Department of Banking (TDB) had opened an investigation. You can read about that story concerning the Austin-Peel and Son Funeral Home here. The investigation was opened because the TDB had reason to believe that the funeral home had illegally…
Read MoreAustralia – After a series of high profile abuses of the financial services industry in Australia in the last couple of years, the Australian government commissioned High Court Justice and royal commissioner Kenneth Hayne to investigate the complete financial services industry and come up with some ideas on how to regulate such. That report has…
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