What is Risk Strategies suing ex-employees for?

Breach of non-solicit/non-hire agreements, unfair competition, stealing $900K in clients using trade secrets.

Can insurance brokers take clients after quitting?

Depends on contracts—two-year bans common but enforceable only if reasonable; courts vary by state.

Likely partial settlement; full wins rare in talent raids—focus on injunction to stop ongoing poaching.

Two ex-employees jump ship, snag clients and staff—costing Risk Strategies nearly $900K. But who's really to blame in this insurance bloodbath?

theAIcatchup Apr 08, 2026 3 min read

Risk Strategies lost $900K from ex-staff raid on clients and employees. 𝕏
Lawsuit targets non-compete breaches and trade secret theft in insurance brokerage. 𝕏
Echoes 2000s broker wars; predicts more suits amid industry consolidation. 𝕏

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Markets. Money. Innovation.

#Risk Strategies lawsuit #employee benefits broker #employee poaching #insurance brokerage #insurance brokerage raid #insurtech-drama #non-compete #non-compete agreements #non-compete insurance #talent poaching

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Originally reported by Insurance Journal