Mr. Stuart Gilhooly:

Let us consider the experience Zenith had. The committee will be aware of the Zenith situation. Zenith, an insurance company, looked to come into this market. It sought data on what was going on here and did not get it. That was the express reason the firm said it would not join the market. There is a theory and we keep hearing stories about it. The line is that it is such a bad place to come and that the incumbent firms do not want anyone else to join the market. That probably makes sense. If a given firm was in a market, it would not want anyone else to join the market. That is the theory behind it. I will offer another example.