Filing a lawsuit against an insurance company can be difficult. Often, insurance companies hire a team of expert lawyers to defend, and plaintiffs have a hard time proving their claim. Bruce Levenson and AHBE, the group of former Atlanta Hawks owner, aren’t the average plaintiffs. The AIG they’re filing against is New Hampshire Insurance Company. AHBE is claiming that there has been a breach of contract on the part of AIG. For clarification, this lawsuit does not involve the current owners of the Atlanta Hawks. Forbes billionaire Tony Ressler, one of the current owners, wishes AHBE all the best.
The lawsuit was filed after AIG refused to pay AHBE to cover damages suffered. AHBE is also claiming that AIG is conducting insurance in bad faith. According to AHBE’s policy, they were to be covered for certain losses that related to employment practices. AHBE has provided documents showing that they notified AIG that their claims had been recognized by Danny Ferry, former general manager of New Hampshire Insurance Company. Despite documented evidence, AIG continues to withhold paying AHBE for any of their losses. Due to AIG’s decision, AHBE has filed an additional lawsuit seeking an added 50 percent penalty.
Bruce Levenson, the front man of AHBE, is co-founder and partner at United Communications Group (UCG). He founded UCG with a well-trusted partner, Ed Peskowitz. Bruce was able to use his writing experience, learned while writing for the Washington Star and Observer Publishing, to represent his newly founded company best. He has also served as Director of many different companies. He recognized that he could use his fortune to help the less fortunate and became President of the “I Have a Dream Foundation.” He continues to be involved in many philanthropies.