The owner and former president of a New York-based carrier at the heart of a scheme to collect millions of dollars of premiums through bogus workers' compensation policies issued to professional employer organizations contends he has paid more than $9.5 million to retire California claims left in the wake of the PEO scandal and wants to re-enter the insurance market.
James Kernan, the owner of Oriska Insurance Co. in Oriskany, New York, issued a press release last week predicting that 99% of all the medical care, lost wages and disability claims caught up in the insurance fraud scheme...
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