Mr. Paul Carty:

Everything is driven by our statistics so statistically, certainly in my business, we can see that there is a direct link between older vehicles and accidents. When one breaks it down to individual cases, I understand the point the Senator is making but the statistics ring through. In so far as there are fraudulent cases or set-up accidents, there is a direct correlation between older vehicles and fraudulent activity. This is simply the reality. It is also because the value of older cars is clearly less than that of new cars. One could argue that there is less of an incentive to behave and protect one's vehicle. We are not driven by any malice towards old cars. It is simply because the statistics show that the greater difficulties are concentrated in the older vehicles.