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Rosenkilde & Associates - an ABCO/ICS Insurance Services Company Blog

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Can I See Your License, Please? How to Avoid Insurance Scams

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Verify the license status of the person selling the product. You can verify that the person selling you the product is licensed by checking licensee lists on the Maryland Insurance Administration's website, or call 888-204-6198. You should also check for a history of complaints. To check for possible complaints filed against a discount plan, call the Maryland Attorney General's Health Advocacy Division at 877-261-8807, or the Maryland Insurance Administration at 800-492-6116.

http://www.wbaltv.com/money/24399440/detail.html

For more information, contact Rosenkilde & Associates at (800)564-0169



Posted On 7/27/2010 10:00:49 PM



Better check those smoke detectors! Check this out!

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This needs very little intro.....could make the difference between life and death!

...submitted from a childhood friend who now lives in Georgia.....

Since you’re in the insurance business, I thought I would share this with you.

 

My house is equipped with an inter-connected smoke alarm system. Most houses built within the last 20 years are. One unit is hard wired and the other unit is hard wired with a battery back up. I’m sure you’re familiar with it. They essentially work in tandem. I change the batteries when ever we have a time change so I rarely even hear the warning “battery low” chirp. Out of curiosity, I decided to physically test them via the test button. The one directly hard wired without the battery worked fine and it set off the other one in tandem like it is supposed to do. Well, when I tested the one that is hard wired with the battery back up….nothing. No beeping, not a peep. I held the test button for a couple of minutes and it wouldn’t alarm. Who knows how long this has been going on? The green LED was lit so I assumed all was well with my smoke alarm world. After further investigating, all the green LED does is indicates that the unit is getting power. The Marv in me came out and I started investing and I was stunned to find out that one is supposed to periodically clean/dust them. Who knew? Well, I killed the circuit breaker and dismounted the unit, blew it off with a can of air and gently vacuumed it with a computer vac and now it’s working like new again. Even though the other unit was working, I cleaned that one as well, just for my own peace of mind. I don’t recommend that everyone blow compressed air and vacuum their smoke detectors, by all means one should follow their owners manual recommendations. My point is; there is more to smoke detector maintenance then popping a fresh battery every six months…And, green does not always mean everything is A-O-K. We are programmed to think that from the time we are old enough to conceive thought but it doesn’t hold true in the smoke detector world. The owner’s manual recommends that you test them (chirp them) once a week…Who knew? I was just strolling by them and thinking…Green light…cool…all set …Not!

 



Posted On 7/26/2010 6:58:17 AM



Who's the MD Insurance Broker Charged with $2.5M Theft?

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A New Jersey grand jury has indicted a Maryland insurance broker, his companies and an accomplice on charges they conspired to steal $2.5 million from the Perth Amboy school system, the state's attorney general said. Insurance broker Francis X. Gartland, his companies — Gartland and Co. and E-Administrative Systems — and a second broker, Brian Foley, of Summit, N.J., were indicted for their role in the scheme. They face charges of conspiracy, money laundering, theft, making false representations for a government contract, falsifying or tampering with records and forgery. Gartland is also charged with misconduct by a corporate official. It's the second indictment in as many months for Gartland. He was indicted in June, along with his son-in-law, a business partner from Maryland, and their companies, with stealing $216,495 from the City of Perth Amboy by collecting payments for a non-existent "wellness program" for city employees. He has pleaded not guilty to those charges. "These insurance brokers systematically stole more than $2.5 million from the Perth Amboy School District through a fraudulent scheme in which the district was billed for services for employees that were never provided or authorized," said Attorney General Paula Dow. "Those are dollars stolen from taxpayers and from the school children of the City of Perth Amboy."

http://www.insurancejournal.com/news/east/2010/07/23/111853.htm#ixzz0ukizpQLj

For more information, contact Rosenkilde & Associates at (800) 564-0169



Posted On 7/24/2010 6:48:23 PM



The state of Ohio got increased rates...Is it coming east?

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The folks in Ohio are staring down an increase in rates due to a total of $53,000,000 paid out in storm claims in May and June.
Article Link 

Are Marylanders in for a rate increase?

Who knows. There was a tornado warning last night in a number of metro counties. Don't think it isn't smart to be with an independent agent. We can shop your rates and "shelter you" from the storm impact. We have national, regional and local carriers that have different rate structures based on where they operate. 

Never been a better time to move away from those DIRECT WRITERS and seek an agency that has it's first loyalty to you, the client.

Call me for a second opinion today...!

Have a Wonderful Wednesday...

Jeff Rosenkilde, CIC       



Posted On 7/21/2010 6:15:46 AM



How are Investors Battling BP?

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Shareholders angry about BP Plc's battered stock price are heading to the courthouse in hopes of reclaiming some of their losses, but they face an uphill battle.Since the Deepwater Horizon oil rig exploded in April, several BP shareholders have filed lawsuits accusing the company of breaking securities laws and hiding the risks of its drilling operations. The stakes are potentially huge, with the BP's market value down as much as $100 billion since the disaster.Some of the largest U.S. pension funds could join the battle. Already, the $132.6 billion New York State Common Retirement Fund has said it wants to be named lead plaintiff so it can direct the investor litigation.

keep reading at http://www.insurancejournal.com/news/national/2010/07/20/111724.htm

Fore more information, contact Rosenkilde & Associates at (800) 564-0169



Posted On 7/20/2010 10:31:56 PM



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