Transport committee  I'm actually a Global employee, but I sit in Washington, D.C.

Transport committee  I'm more familiar with the global railway market than I am with the local Canadian market—

Transport committee  —and there is a difference.

Transport committee  It's very difficult for me to say whether it's being addressed properly in a piece of legislation, as I'm not a legislator. However, I'm happy to offer an opinion on dangerous goods. It really depends. The two things that we have are frequency and severity. We have a number of models out there that target TIH/PIH as a very difficult commodity with regard to the aspect of severity, but there are very few and falling shipments of that.

Transport committee  Marsh Canada was consulted by the CTA at some early point in the process, but prior to the drafting of any draft legislation. For part of my questions to them with regard to some of the concerns we've raised today, the answer I got was that it was not made available to them. They were talking about the overall insurance market today, which, as I alluded to earlier, is really quite robust.

Transport committee  In closing, we urge the committee to consider more clearly defining the bill’s language in those areas noted and to work to eliminate or minimize the wording that adds to underwriter uncertainty before final voting on the bill’s passage. Thank you for your time. We welcome your questions, but first we will hear from Mr.

Transport committee  Thank you, Mr. Chairman. Thanks to all of you for allowing us to speak today. My name is Jim Beardsley, and I am the chairman of Marsh’s Global Rail practice. I am here with Ms. Lois Gardiner, senior vice-president with Aon Global Risk Consulting. We represent the two largest rail insurance brokers in Canada.