Bruce Levenson has taken on the giant insurance company AIG (American General Life) and its subsidiary New Hampshire Insurance Company. The battle involves two titans from different arenas and if the best man wins it will be Bruce Levenson who emerges victorious.
Bruce Levenson is an American businessman. He is the founder of UCG. The former owner of a NBA basketball team, the Atlanta Hawks, is a philanthropist, an avid skier, golfer, and basketball player. A journalist by profession this graduate of the American University in St. Louis and the American University School of Law has worked at the The Washington Post.
As a philanthropist, Levenson has been a staunch supporter of Jewish causes donating millions to Jewish groups. He created the Center for Philanthropy and Nonprofit Leadership at the University of Maryland and is a sponsor of the annual Do Good Challenge. He has also served as president of the “I Have a Dream” Foundation.
In 2015 as published by Forbes.com, the Atlanta Hawks Basketball and Entertainment Group(AHBE) sold the NBA team to Tony Ressler. Before the sale could be finalized, the Levenson group had to settle claims made by the team’s former general manager, Danny Ferry. This led to a lawsuit being filed against New Hampshire Insurance Company a subsidiary of AIG. The lawsuit accuses AIG of breach of contract stating that they ignored or rejected business practices under the group’s policy.
At the core of the lawsuit is the terrmination of Danny Ferry. According to Levenson, “this is a bad faith civil action,” Ferry’s termination and the issues of “Workplace Tort” and “Wrongful Termination” are covered in the policy. Another issue of the lawsuit is AIG’s failure to cover settlement loses AHBE has incurred in it’s disagreement with Ferry.
Bruce Levenson is a man with the courage of his convictions. He is a good man who stands behind what he believes in. He also has the humility to take ownership of his mistakes and shortcomings.