Kernans Plead Guilty in Oriska Case

Oriska Insurance Co. founder James Kernan and his wife, Marlene Kernan, pleaded guilty to a single count of permitting a convicted felon to be engaged in the business of insurance last Friday – setting the stage for potential further regulatory action involving one of Oriska's sister companies, Insurance Company of the Americas (ICA), in Florida.Neither the U.S. Attorney's office for the Northern District of New York nor Kernan's attorney returned a telephone call Monday.But state regulators in both New York and Florida confirmed the Kernans appeared in federal court in Syrac...