U.S. Senator Roland Burris has been sidestepping questions about his role(s) in the IFDA master trust troubles. While the Senator was a side issue to a March 30th article published by the Springfield Journal Register, the statement provided by his public-relations specialist may signal just how little Mr. Burris understood about his responsibilities to the
Chris Butler’s attempt to set the record straight
By Bill Stalter on
The IFDA seems to be everyone’s favorite whipping boy. Even prominent industry leaders are stepping back from the Association in its time of need. The epicenter for the latest news on the IFDA’s troubles has been the Springfield Journal-Register and Bruce Rushton. Mr. Rushton has done a thorough and excellent job of reporting on…
Now that we have your attention: IFDA liability exposure
By Bill Stalter on
In naming the IFDA officers and board of directors as individual defendants in their lawsuit, the Calvert group sought to make these individuals accountable for management of the association’s master trust. Members of a board of directors have a duty to act in the best interests of the organization. Defenses against personal liability are…
It’s not my job, man.
By Bill Stalter on
Illinois and Missouri have more in common than they may realize. Consumers and funeral directors are blaming state regulators for their current preneed problems. Looking to avoid that hot seat, regulators have been stating their excuses/defenses. If legislators are to correct the flaws in their state’s preneed oversight, they need to put partisan politics aside…
Restoring peace of mind: at the preneed provider’s expense.
By Bill Stalter on
John Duggan has a point, and that’s what concerns regulators in Illinois, Missouri and Texas. Who will be blamed when the consumer does not get the benefit of their preneed contract?
While the overwhelming majority of NPS’ preneed contracts will be honored by the funeral home named in the contract as the “provider”, it…