Dr. Cyril Roux:

No, we look at the factors that are important. There can be several market equilibria. Market equilibrium existed before the establishment of the Personal Injuries Assessment Board. At the time, claims were adjudicated in court. Then, through the action of the Members of Parliament - the predecessors of the members of this committee - the Personal Injuries Assessment Board was set up and claims were settled there with reasonable speed and with avoidance of unnecessary litigation and legal cost. What we are told and what we see now is that people go to the Injuries Board with solicitors, for the most part. They pay their solicitors to go to the Injuries Board and, in a number of cases, they reject the settlements offered to them and go to court because they believe they can get more out of it. That is now the market equilibrium. It is not something we can adjudicate on. In a sense, it is an institutional and social choice.