The New Hampshire Insurance Company is facing a lawsuit filed by the Atlanta Hawks Basketball and Entertainment (AHBE), the former owner of Atlanta Hawks team. AHBE has accused the insurance firm of failing to settle the claims filed by Danny Ferry, the former managing director. AHBE included Bruce Levenson, who acted as the controlling partner. The current management and ownership team of Atlanta Hawks will not be involved in the lawsuit.
AHBE finalized the lawsuit filing process on September 13, 2016, in the Superior Court located in Fulton County. The former owners of Hawks claim that the policy they acquired from New Hampshire Insurance Firm, commonly called AIG, covered them against particular employment malpractices, ranging from workplace torts, discrimination, and wrongful termination. AHBE claims that AIG has demonstrated a lack of commitment to addressing its demands. AIG has also refused to accept coverage or engage in the defense of the so-called assertions.
Levenson is a former owner and board member of an NBA team. He is a Forbes billionaire, clever entrepreneur, dealmaker, investor, and philanthropist. Bruce Levenson is among the founding fathers of United Communications Group (UCG) and TechTarget. In the philanthropy arena, Bruce Levenson has earned a reputation for supporting education, Jewish, and history preservation causes. He allocates generous donations to Washington D.C.-headquartered Holocaust Memorial Museum. Levenson has overseen fund-raising campaigns for the Jewish Federation. He was the chairperson of I Have a Dream Foundation.
Education and professional accomplishments
A native of Chevy Chase, Maryland, Bruce Levenson graduated from Washington University headquartered in St. Louis. While studying law at the American University, Levenson commenced his journalism profession at the Washington Star. The UCG is a brainchild of Ed Peskowitz and Levenson. The firm published a newsletter dubbed Oil Express, which highlighted progress in the oil sector. UCG expanded and acquired a couple of newsletters and started databases.