Lawsuits regarding breach of contracts between clients and insurance companies have been on the increase. According to Forbes data, many cases are filed by complainants who argue that the insurance company failed to honor their asserted claims because of one or two reasons, or in some cases, no reasons given. Are applicants ignorant of the insurance policy coverage, or are insurance companies being smart? Whatever the reason, something is not right.
The Atlanta journal constitution published an article touching on the same issue on 14th September 2016. It involved a court case filed by the former ownership of Atlanta Hawks against AIG insurance company. The former owners of the Hawks claimed that the insurance company had failed to act on the claims asserted by the former general manager, Danny Ferry.
These are claims within what the insurance policy covered regarding employment matter. The policy was to protect the workers against workplace unfairness and unlawful termination. The insurance company declined to recognize the claim assertion by the former general manager and have not acknowledged that the policy had been triggered. The company’s refusal to pay for the covered losses within the coverage of the policy is regarded as insurance bad faith. AIG had also failed to prove that there was no claim made by the former ownership. The company also lacks reasons why the covered losses cannot be paid.
Bruce Levenson was born in the capital Washington D.C. He spent most of his early days and teenage years in Chevy Chase, Maryland. He was admitted to Washington University in St. Louis for his college studies. Bruce Levenson later did law at the American university, where he also learned of his love for journalism. He is a philanthropist, an entrepreneur, founder of UCG (http://www.ucg.com/AboutUs/Ownership.aspx) and a part-time journalist.