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Stege brings more than 11 years experience to Lawson-Hawks as vice president and broker for its employee benefits division.

Four Scranton, Pa.-area residents involved with the now-bankrupt Murray Insurance Agency have been arrested in connection with an alleged $7.5 million pyramid scheme from the business' headquarters, ironically known as One Pyramid Center in Scranton.

Somewhere along the line, insurance got a bad rap.

Swiss Re and Lloyd's are warning the Treasury Department that the current federal terrorism risk insurance program is underpinning the market, and ending the program would likely substantially limit private market capacity for terrorism risk coverage.

As about a half a billion eggs have been recalled due to possible salmonella infection, it is likely recall contamination insurance coverage has been triggered.

"Tropical Depression Seven" has become Tropical Storm Earl, and the system is expected to become the third Atlantic hurricane by early Saturday, according to the National Hurricane Center.

Boston-based insurance broker William Gallagher Associates (WGA) said it has acquired Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Braintree, Mass.

Fitch Ratings said it has upgraded the outlook on its "A" rating of SCOR SE and its subsidiaries to "positive" from "stable" to reflect "the resilience of the group's financial strength."