In more news from the sports world, a recent insurance spat between the former owners of the Atlanta Hawks, including the businessman Bruce Levenson, has had to take action against AIG insurance group over the companies failure to hold their part of a deal made between the two during Bruce Levenson and company’s tenure as the NBA greats owners.
The entire legal incident is the result of a few choice words uttered by the former head coach of the NBA sports team. The former coach, unfortunately, had some less than appropriate statements published and reported on within the sporting community which led to an outcry among fans and affected groups mentioned. To best limit the damage caused by the misspoken comments, the owners of the NBA team were forced to end the coach’s employment despite having just signed a contract worth millions over several years. The ending of the contract led to an agreement between the two that the remainder of the contract would be paid as a sort of severance package for the now disposed coach.
Believing that the insurance policy Bruce Levenson and his partners had purchased in order to cover this exact thing would be activated and help recoup costs from the unforeseen event, as insurance in theory is solely created to do, the owners went forward with trying to regain their losses from their insurance providers. AIG and the individual providers of the Atlanta Hawks insurance policy had other intentions.
According to time.com, after a spat that involved the company claiming the activation was not triggered among other excuses to discredit the legitimacy of the former NBA owners claims to compensation.
Bruce Levenson, the man leading the charge against the insurance company, has a long and successful career supporting causes and locals within the Atlanta area. Information on this article can be sourced from Wikipedia.
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Also see: http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/
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The business world requires the use of many varied and difficult skills. Anyone who wants to do well here will need to be aware of many factors such as the use of capital, the kind of employees to hire and the needs of the intended customers. A business person who can successfully figure out how to meet such needs and how to balance all competing interests is a business person who will be able to do well in the marketplace and provide a business that is likely to grow both initially and in the future as well. A skilled entrepreneur can take advantage of the many opportunities the market offers them and use such potential market opoortunities to create a business that is going to do well in the modern world.
One person who understands how to harness such skills and how to use them to creat a business venture that will do well in contemporary society is Mr. Bruce Levenson. Mr. Levenson has been very successful in many varied business fields. His work has included ventures in the world of communications and media development as well as other fields that require careful attention to detail and attention to the needs of customers such as that of sports management. Bruce Levenson on wikipedia has been able to use his understanding of many fields in order to do well in business and show others how they can also do the same.
Mr. Levenson is a native of the suburbs of Washington, D.C. He grew up in one of the area’s many vibrant suburbs where he was given a fine education in many different fields. After graduation from high school, Levenson attended Washington University, a much admired university in the dynamic American city of St. Louis. He returned after graduation to this area in order to attend law school at American University in Washington. Here, he mastered many aspects of the legal system and learned how best to work within it.
Since that time, Levenson has been participating in many different business ventures of all kinds. He has helped found the hugely successful communications firm known as the United Communications Group. This company is noted for providing businesses with access to information of all kinds that is updated and accurate. Many companies have worked closely with the United Communications Group in order to be able to have information about various kinds of industries that can help them make all sorts of business decisions and stay ahead of their industry competitors. Mr. Levenson has also been able to help a basketball team learn how best to reach out to their fans and get access to exciting and fun sporting events.