AIG Continue To Ignore Insurance Claim From Bruce Levenson

The New Hampshire based insurance giant AIG have recently seen papers filed in Fulton County by a legal team acting on behalf of former Atlanta Hawks owner Bruce Levenson claiming breach of contract by the insurance provider. More importantly for AIG is the fact Levenson is also bringing a claim for insurance bad faith that his legal team feel can be proven with ease.

In a report by ESPN, Bruce Levenson and his fellow Atlanta Hawks Basketball & Entertainment LLC consortium members state in legal papers they held a workplace based insurance policy that was breached in the buildup to the mutual termination of the $18 million contract of general manager Danny Ferry. Court papers reveal AIG and Levenson’s group held talks as early as April 2015 over the comments and actions of Ferry concluding in general agreement that a constructive dismissal claim could be filed following the June 2015 termination of the six year contract signed in 2012; since the insurance claim was made and the franchise sold AIG are reported to have failed to have made any contact with Levenson’s consortium. See, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/.

Over the course of his career, Bruce Levenson has always been seen as an individual who has the ability to make his way through business with ease; Levenson formed the United Communications Group with business partner Ed Peskowitz in a spare room in the 1970s and has built it into a major provider of real time information. Bruce Levenson is not only concerned with creating a business empire, but according to PR News, he is also well known as a philanthropist who has dedicated much of his life to enhancing the communities touched by his personal and business life. The former head of the Atlanta Hawks looks to his faith at many times as he has tried to protect the history of the Jewish people during World War II in his work as a fund raiser for the U.S. Holocaust Museum.