Thank you, Mr. Chair.
Reading through the various notes and listening to testimony, there were some odds and ends of things that caught my attention. One of the things that first caught my attention was number 7 on the questions and answers of the Nuclear Insurance Association. It says here:
We would advise that $650 million is approaching the upper limit of capacity currently available in the insurance market for nuclear liability insurance. However, we would caution that, if there is a serious shock to the insurance market (e.g. another 9/11), this much capacity might not be available.
With that in there, and the bill does state that every five years the minister will look at the review to see if it's $650 million.... I have a couple of questions that basically flow from that.
First, do you think it might be advisable to take steps to provide incentives to increase the capacity of the market? If the minister decides to advance some day to say $1 billion in a year or two years or five years, one or two cycles, are there things that we, as the government, could do to expand the number of companies that would be interested in providing this sort of coverage? Are there things we should do? And should we do that, or should we just let the insurance industry take up the slack, in your opinion?