Thank you.
Mr. Murphy, several of our witnesses have suggested, like Mr. Carroll today, that the liability level is too low compared to international standards. There was a reference to the OECD's Paris Convention, which I am not familiar with, unfortunately. What is your view about it?
As an insurer, I suppose that if you have set a limit of $650 million, there was a reason for it. We were given some idea of the costs, which seem very high to me, that will follow an increase of the limit.
What could you say to those who are suggesting that the liability limit is too low in Bill C-20?