Thank you very much, Mr. Chair.
And thank you to all our presenters for being here this morning
Both the FCM and the CTA have provided excellent and very thorough presentations on the topic of the day, which is third party liability insurance and how we improve that regime as well as the compensation regime. As you know, Transport Canada is conducting a review of the overall third party liability insurance and compensation regimes, so your input is very helpful and timely.
Ms. Frid, I want to begin with a question for you. You mentioned in your presentation that currently third party liability insurance that railway companies hold is confidential or proprietary. Could you just help us understand why an insurance policy would be confidential or proprietary?