SOURCE: Brown & Brown, Inc.

Brown & Brown

October 25, 2016 17:30 ET

Brown & Brown, Inc. Announces Award of Temporary Injunction Against Former Employees and AssuredPartners

DAYTONA BEACH, FL--(Marketwired - October 25, 2016) - Brown & Brown, Inc. (NYSE: BRO), today announced that it has received a temporary injunction ("Injunction") against certain former employees of Brown & Brown and their new employer, AssuredPartners, Inc. The details of the Injunction are set forth in the attached order (See attached order issued by the Court on October 24, 2016).

Robert Lloyd stated, "It is unfortunate that we had to take these actions against former employees; however, Brown & Brown remains vigilant in protecting our confidential information and protecting our loyal teammates that come to work every day with the singular goal of serving the insurance needs of our valued customers. We appreciate the efforts of our internal claims and litigation team and our outside co-counsel of Cobb Cole and Freeborn Peters in achieving this important result for Brown & Brown."

Brown & Brown, Inc., through its subsidiaries, offers a broad range of insurance and reinsurance products and related services. Additionally, certain Brown & Brown subsidiaries offer a variety of risk management, third-party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, Brown & Brown is ranked by Business Insurance magazine as the United States' sixth largest independent insurance intermediary. Brown & Brown's Web address is www.bbinsurance.com.

This press release may contain certain statements relating to future results which are forward-looking statements. These statements are not historical facts, but instead represent only Brown & Brown's current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown's control. It is possible that Brown & Brown's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown's financial results and condition, as well as its other achievements, is contained in Brown & Brown's filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown's consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process, and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.

Attachment Available: http://www.marketwire.com/library/MwGo/2016/10/25/11G119477/Assured_order-1477428609992.9243-d757bf8098879f09aee0a1822f832e6c.pdf

Contact Information

  • Robert W. Lloyd
    General Counsel
    (386) 239-5752

Multimedia