Several E&S insurers and brokers gave examples of insuring unique financial exposures–ranging from $25,000 payments lost by couples when an adoption fails to $25 million claims for companies with directors and officers liability renewals that were threatened by divestures or even hostile takeover attempts.
The common theme in all the examples is that the E&S market responded to needs that helped them to continue their lives–personal or corporate.
“They want to try again,” said Markel's Robin Russo, who described how an adoption expense recovery insurance program gives perspective parents a second chance if an adoption falls through. “That's the key to this coverage. Not everyone can afford $25,000,” said Mr. Russo, referring to the average amount adoptive parents lose in situations of a miscarriage or when a birth mother simply changes her mind.
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