Category Archives: Insurance Issues

Bruce Levenson Doesn’t Want To Give Up The Fight Against AIG Just Yet

Bruce Levenson is the former owner of the Atlanta Hawks, along with several other members of the Atlanta Hawks Basketball & Entertainment (AHBE) Group. Levenson and AHBE had sold the team back in early 2015 to Tony Ressler’s group, reports Forbes, but even after the team changed hands it seems AHBE still had a battle on its hands. According to AJC, AHBE says they were entitled to file a claim that covered them for losses relating to workplace torts or termination that were covered under their policy with AIG, their insurance company. AIG doesn’t seem to have acknowledged such a claim was made, nor are they honoring it. So Levenson and AHBE are now taking them to court to seek reparation for damages incurred.

Levenson has been not only an NBA owner, but a businessman who founded his own media conglomerate. He started in journalism back in the 1970s when he was attending law school at American University. He and his friend, Ed Peskowitz started United Communications Group (UCG) back in 1977 and their first newsletter was Oil Express, a newsletter about oil industry developments. Soon UCG began acquiring and starting newsletters for many different industries including mortgage banking, healthcare and Technology. UCG is the parent company for GasBuddy, an app that lets drivers know where the lowest gas prices can be found.

Levenson is also a devoted philanthropist who has chaired organizations designed to help inner city children and their families, including Hoop Dreams, the I Have a Dream Foundation, and the Bringing the Lessons Home program at the Holocaust Memorial Museum. Levenson is a major to contributor to this museum not only because of his Jewish Heritage, but because of his mother-in-law who is a Holocaust survivor. Levenson also helped start the Center for Philanthropy and Non-Profit Leadership at the University of Maryland, https://www.benzinga.com/news/17/03/9165680/university-of-marylands-non-profit-initiative-is-changing-higher-education .