Bruce Levenson Wants AIG Insurance To Compensate Hawks Owners For Sale

Bruce Levenson sold the NBA’s Atlanta Hawks back in March of 2015 to Tony Ressler, and Atlanta Hawks Basketball & Entertainment (AHBE) also sold their shares during that transaction (http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks). But in the midst of the sale, AHBE also decided to buy out then General Manager Danny Ferry’s contract, and as part of the sale they filed a claim with AIG, their insurance company. According to AJC, Levenson and AHBE say they were entitled to file a claim under their policy’s provision, and their attorneys also say that AIG was obligated to acknowledge the claim. But AIG thus far is denying AHBE such claims and has refused to issue any payments for Bruce Levenson and AHBE. AHBE is taking AIG to court and filing a lawsuit for failure to honor the claim, and to cover court costs.

Bruce Levenson is the founder of an industry news organization called Unified Communications Group (UCG). He had gotten his degree in journalism from Washington University and attended law school at American University. He and Ed Peskowitz started the company when they published Oil Express back in 1977, and the company grew from there as they acquired more newsletters. UCG is the parent company to a tech advisory company called TechTarget, and is also the founder of GasBuddy, a mobile app for checking gas prices. Levenson is also a member of the board at BIA Digital Partners.

Bruce Levenson has been involved in many charities and philanthropic endeavors, many of which are directed at the inner city children of Washington D.C., reveals PR Newswire. He sat on the boards of Hoop Dreams Foundation and the I Have a Dream Foundation. He’s also a major donor to the Holocaust Memorial Museum where he helped start the “Bringing The Lessons Home” program. Levenson is also the founder of the Center for Philanthropy and Non-Profit Leadership at the University of Maryland, and he’s also a member of several Jewish American political activist groups including Seeds of Peace and Birthright Israel.