Lawsuit by Former AHBE against a New Hampshire Insurance Company
New Hampshire Insurance Company, also known as AIG faced a lawsuit filed by the previous ownership group of the NBA franchise, Atlanta Hawks Basketball and Entertainment, LLC. The lawsuit, which was filed on 13th September at the Superior Court of Fulton County, was done following a breach of contract by AIG. The claim was placed by the former manager Danny Ferry and the former AHBE management group including controlling partner Bruce Levenson.
The policy agreement between AHBE and AIG stated that the former was insured against, but not limited to Wrongful Termination and Workplace Torts. According to the court documents, AIG received notice from AHBE on 2nd April 2015 showing that Ferry had asserted the claim.
The lawsuit described AIG as having breached the contract and insurance of bad faith. It further stated that the insurance company had refused to acknowledge that a claim was made and that the policy was triggered. The policy between the two parties clearly indicated that AIG was supposed to pay AHBE.
However, the insurance company, as the lawsuit stated, failed and refused to pay the covered loss without any significant justification. Additionally, AIG had no basis of claiming that the request was not made.
About Bruce Levenson
Bruce Levenson, a former NBA team owner, is an American businessman and a philanthropist. In his career in basketball field, he served as a co-owner of Atlantic Hawks, which manages both Phillips Arena and Atlantic Hawks basketball team. According to ESPN, he also served as the teams’ governor and sat on the NBA Board of Governors.
Bruce also has involvement in the technology field. He contributed to the founding of Tech Target, a public traded media company, and he is on the Board of Directors. In 1977, he co-founded United Communications Group.
In addition to his basketball and business life, Bruce Levenson is also actively involved in charitable contributions. He is an active participant of the Hoops Dream Foundation and Community Foundation of Washington, D.C.