While poaching disputes between established brokers who hired staff from each other were common in 2022, a broker going out on his own was also followed by a lawsuit.
USI Services LLC sought expedited discovery in July in a noncompete suit it brought against a former employee who formed his own brokerage firm.
The broker sued former USI Vice President Patrick Baggett in US District Court in Nashville, Tennessee, in June i USI Insurance Services LLC v. Patrick Baggett and Boxwood Insurance Group.
Mr. Baggett, who had signed a non-compete agreement with the broker, resigned from USI in August 2021 and formed what became Boxwood in Franklin, Tenn., in May.
Boxwood subsequently hired two other former USI employees, Tyler Kemp and Jill Holzen, and a former client of Mr. Baggett at USI moved its operations to the new brokerage, the complaint said.
USI alleged in the complaint that Mr. Baggett̵7;s employment agreement with USI prohibited him from soliciting business from its clients for two years after his employment was terminated. It accused Mr Baggett of breach of contract and Mr Boxwood of tort and sought an injunction against both defendants.
The story about the litigation was the 10th most read risk management story about Business insurances website 2022.
Attorneys in the case agreed in September in an initial case management conference that the motion to expedite limited discovery was moot, according to a court filing.
The trial in the case is set for March 26, 2024.