Thank you.
Luckily, first, we've never had any incident whatsoever of having a lost file. We do believe that if there is a file lost, we have to protect our client. That's the business we're in. We should notify that client and make sure we learn from whatever happened to make us lose that file.
Our question is whether or not it would be appropriate to worry all of the clients we have if, for instance, one file happened to be stolen from a briefcase while I was out visiting a client. We would not want to worry all of the clients when there was no possibility of a breach to them.
The business we're in as brokers is the protection business, so if some people are breached, we definitely want to let those people know so that they can protect themselves. We don't really feel it would be appropriate to worry all of the people who would be unaffected. We don't feel there would be any real benefit there.
I hope that answers your question.