Word: funerales
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Dates: during 1990-1999
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None of the tactics employed by the consolidators is illegal, although Arizona, where SCI has a powerful presence, is contemplating a law that would require the companies to disclose their ownership to consumers. "I can't point to SCI and Loewen and say they're doing anything wrong," says David...
Jeremiah O'Keefe is at his desk in the headquarters of Gulf National Insurance Co., a key part of the O'Keefe family's Biloxi empire. Gulf National sells "pre-need" funeral insurance, which lets forward-thinking souls pay in current dollars for funerals that are bound to be more...
What especially galled O'Keefe about Loewen's moving into the area was that after it acquired Riemann, it promptly bought the Wright & Ferguson Funeral Home in Jackson, Mississippi, which had previously sold only O'Keefe's brand of pre-need insurance. Suddenly, however, the Riemanns began selling their own...
Like O'Keefe, Loewen grew up in the funeral industry. He helped transport bodies to and from his father's Manitoba funeral home. "It was," he would later testify, "a great way to grow up in a small country town." He launched the Loewen Group in 1985. Last year, just...
O'Keefe soon found himself on English Bay aboard Ray Loewen's yacht, the company's secret weapon in the subtle art of funeral-home acquisition. Traditionally, the funeral industry has been dominated by family-run operations. Even now consolidators own only about 10% of America's 23,000 funeral...