| Show A26 &it Lake Tribune Sunday June 161991 The Firms hisure Adoptions in Case Biological Mother Changes Mind ance Brokers in San Jose Call "I probably talked to 20 25 companies and they all said no Then I met a broker from Lloyd's and he said 'It sounds interesting let me take a run at it?" Adams who eventn Rily helped present the proposal in London did what brokers have been doing at Lloyd's for centuries — he stood in line to talk to an underwriter "There was a guy in line trying to insure a dam in the San Joaquin Valley" Adams said "And there I Continued From him away" The bamerons1 experience is atypical only in that the adoptive couple is usually stuck with a much Letter bill when an adoption falls through Legally recognized expenditures in private adoption vary from state to state In Maryland and PennsylvoTa for example the couple is allowed to pay only attorney's fees and medical cuts in New Jersey A-2- 5 only medical costs In many other stat& the laws are less restrictive and may permit the couple to pick up the birth mother's living expenses counseling and even maternity clothing Lawyers say a private adoption can cost from $8000 in California to $10000 to $20000 on the East didn't get to be 400 years old by not being cautious") the Lloyd's representative agreel to the proposal which includes — in standard a clause Lloyd's of London form saying the policy does not have to pay losses incurred by "war" whether "radioactive" or otherwise The cornerstone of the Lloyd's coverage is the proviso that the polides be taidied only by experis enced lawyers to weed out birth mothers who are insincere or unsure and keep the percentage of idea" was with this goofy Lloyd's underwrites only bwyers who have at least three years' experience in adoption who have handled at least 100 successful adoptions and who have a "loss ratio" of no more than 10 percent Adams said "We don't worry too much about who the birth mother is as long as we have confidence in the But after careful stably ("They ably" low I guess-- that's their best guess" he said but none of us really knows" Lloyd's offers four levels of protection costing from :500 for a $10000 policy up to $1250 for a $20000 policy Most purchases so far have been for $15000 of coverage Adams said Chubb's policies also offer four levels of protection costing from $1250 for a $10000 policy to $2700 for $25000 of coverage A major difference between the attorney" he added By restricting coverage in this way Adaz—s said Lloyd's believes it can keep its loss ratio at no more than 5 percent "And to date that's what we've got" he said Darwin would not disclose what claims down : Chubb expects its loss ratio to be but called-- 5 percent "unreason- two companies' policies is that Lloyd's covers attorneys fees — eraging $2000 to $2500 per adop ' tion — while Chubb's doesn't That factor according to McDer mott might make the Lloyd's policy:- more attractive to people in states that only allow adoptive couples to pay attomey's fees and medical costs Though Lloyd's issues policies only in California Adams believes the entrance of Chubb into the field makes it more likely that the British company will expand into other i states c PhJnrpw Coast There's no reliable data on how often private adoptions fall 1 through Some lawyers say fewer than 10 percent others guess that the figure including cases bungled by inexperienced attorneys or those in which the adopting couple pulls out or is declared unfit may run as high as 25 percent But the usual reason for a is the birth mother's change of heart "If she has not relinquished the child formally through a court proceeding she can change her mind any time along the way up to six months later in most states" said Gloria Hochman of Philadelphia's National Adoption Center "Most of the time it doesn't happen but it can" There is also no way to assess the number of adoptive couples who are left without the resources to try again when an adoption does fall through In a number of cases the birth mother has her OWn medical insurance Still bwyer McDermott said that the costs for the adoptive parents often even out an expensive failure being followed by a rel- O i' 44) -I- 1 : - - - : - la-- - :Ier- - '- - Ir - - :- tete-a-tet- tb Ii '' AP-XIII ir 1-- t ' st $ MON & FRI 10 to 9 TUES WED & THURS 10 to 7:30 1- I 1 59" round table with four curved benches Lots of seating for a large family As low ' - I I 3-P- Redwood c Patio Set Armless chaise lounge and two comfortable matching chairs with deep outdoor cushions I I As low I A kn' -- The table is perfect for resting a drink or playing a game 11 111 I ) Genuine tto Redwood 110 'I ' -- ----- - - - f- N N -- 4- -- 2 : :2i0--- Itt4 i '1 ph - —moo v - 0 t l 4 1 - cZ5:15--- a e? 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"I said I'd like to but I looked around and nobody had any" said Adams who is with Jardine Insur PORT OF SPAIN Trinidad -frinidad and Tobagp will stage carnival celebrations twice instead of once next year said an official of the National Carnival Commission The first celebration is scheduled to take place in February ending on Shrove Tuesday as usual The second will take place in August to coincide vith the Caribbean Festival of Arts (Carifesta) of which the twin island nation will be host the official Roy Boyke said Friday Following a meeting Wednesday with the carnival bandleaders' association and other groups involved with the yearly national festival Culture Minister Jennifer Johnson set up a task force to make recommendations for the new carnival The summer revelry will be a curtain-raiser for Carifesta which is slated to run from August 9 to 16 The 1992 Carifesta will form part of the celebrations marking the 500th anniversary of Columbus's arrival in the New World Boyke said it was expected to draw some 10000 visitors to the southern Caribbean islands The traditional February carnival celebration brings millions of dollars to the islands Lif--- 4-4-- success atively The fact that adoptions fail in some cases however was what led Art Adams to attempt to interest Lloyd's in the insurance idea Adams had been approached by the wife of a Beverly Hills adoption lawyer who manages her husband's office They lost 3 to 5 percent of their clients when adoptions failed she told him Could he provide in- : -'' oke-'"PvI- "fall-throug- low-co- IT'S HERE! 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