Bruce Levenson Along With AHBE Claims Damages Against Insurance Company

The Atlanta Hawks previous insurance company, AIG may be in some trouble if Bruce Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) have their way. Levenson and AHBE sold the franchise in early March of 2015 and no longer have any claim on it. But it seems their sale of the team plus a buyout of Danny Ferry, the former general manager’s contract was supposed to trigger a policy they had with AIG according to AJC. Levenson and AHBE say that AIG was supposed to honor the claim and that they met all the criteria necessary to file it. But AIG seems to be disregarding this claim and the moment and now the group says they will take them to court and sue them for disregarding the claim and for additional court costs. See, http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks

Bruce Levenson is a businessman who founded his own news media company prior to purchasing the Hawks. While he was a student at American University law school, he worked as a reporter for the Washington Star. Then he and his friend Ed Peskowitz decided to startup their own newsgroup, and that became United Communications Group (UCG). UCG started off publishing and buying newsletters in the oil and energy industries, but they soon expanded to healthcare, mortgage banking, and technology. Levenson also started a subsidiary under UCG called TechTarget, and sat on the board of BIA Digital Partners. Levenson purchased the Atlanta Hawks in 2004, along with their arena and the NHL’s Atlanta Thrashers.

According to PR Newswire, Levenson has been involved in philanthropy around the country, most notably in Washington D.C. where he chaired Hoop Dreams, the I Have a Dream Foundation, and sponsored the Concert Against Hate along with the Anti-Defamation League. Levenson is also a key contributor to the Holocaust Memorial Museum, and has helped launch their “Bringing the Lessons Home” program. He’s also a supporter of Jewish organizations such as Birthright Israel, the Jewish Federation, and the SEED Foundation.

Info sourced from brucelevenson.com.