Victory for Construction Advocacy Fund-Financed 性视界传媒 Lawsuit
The Small Business Administration (SBA) intends to withdraw the 性视界传媒淟oan Necessity Questionnaire性视界传媒 that has heavily burdened and delayed all applications for forgiveness of Paycheck Protection Program (PPP) loans of $2 million or more. 性视界传媒 sued SBA last December for developing the form entirely in secret, and without public input, and for using the form to change the de facto requirements for the forgiveness of such loans. During lawsuit settlement negotiations, 性视界传媒 learned of SBA性视界传媒檚 decision to withdraw the questionnaire. Recently, 性视界传媒 has also received an exceptionally large number of reports about SBA approving these loans for forgiveness. This is excellent news for the thousands of 性视界传媒 members who accepted such loans in good faith in order to keep their people working.
Together, 性视界传媒 of America and its Michigan Chapter have extended the association性视界传媒檚 long string of successful efforts to establish that the commercial general liability insurance (CGL) policy sold to construction contractors across the United States does provide coverage for property damage resulting from unexpected and unintended defects in a subcontractor性视界传媒檚 workmanship (unless one of the policy性视界传媒檚 specific exclusions applies). On June 29, 2020, the Michigan Supreme Court became the latest of many state supreme courts to agree that such damage is an 性视界传媒渙ccurrence.性视界传媒
Together, 性视界传媒 of America and its Maryland Chapter have plugged a potential loophole in standard contract provisions intended to preclude costly litigation over the damage that a project suffers during construction. The association性视界传媒檚 victory in Maryland性视界传媒檚 highest court means the standard provisions will continue to have their intended effect, precluding litigation over property damage that the builder性视界传媒檚 risk insurance will cover.