Thank you very much, Mr. Chair, and thank you, witnesses, for being here.
The first question I will ask is to Mr. Taylor and Mr. Lowery, just for some clarification around what is the difference between the way The Co-operators insurance operates and mutual insurance.... Are there just name differences, or are there actually different structural ways that your two entities operate within the confines of being considered cooperatives?
Mr. Taylor, do you want to start? Then Mr. Lowery can jump in, and I will be going to Mr. Gazzard after that.