Bruce Levenson is a man of many trades. Most commonly recognized as a former owner of the Atlanta Hawks basketball team, Mr. Bruce Levenson’s career is impressive. He used to write for the Washington Star and Observer Publishing. Bruce Levenson also co-founded United Communications Group with Ed Peskowitz. He’s even the Director at TechTarget.com.
According to ESPN, what is possibly one of the saddest outcomes for Atlanta Hawks fans in 2015, the former ownership group became locked in a legal struggle with their former insurance company. Late 2015, the former owners, referred to as AHBE, filed a lawsuit against the New Hampshire Insurance Company for breach of contract.
The lawsuit accused the insurance company, also referred to as AIG, of breach of contract and insurance bad faith. Earlier that year, AHBE met with AIG former general manager, Danny Ferry, to discuss their coverage buyout. It has been proven that the two came to an agreement for an undisclosed amount.
According to AHBE, their insurance policy covered them for certain losses pertaining to employment practices. These practices could involve, but were not limited to, “wrongful termination” and “workplace torts.” AHBE had to file the lawsuit on September 13, due to AIG’s refusal to pay out.
AIG’s attitude towards these events was inexcusable. Danny Ferry had already reached an agreement with AHBE, and AIG was just refusing to pay out. They refuse to acknowledge AHBE’s claim, and they refused to acknowledge that a policy had been triggered. Even worse, AIG offered no explanation for their actions or their refusal to participate in the defense of the claims.
All evidence that’s been provided to the court proves that AIG is obligated to pay and acknowledge Mr. Ferry’s claims of a triggered policy. Visit brucelevenson.com for more info.
Article Information Source: https://en.wikipedia.org/wiki/Bruce_Levenson