As a member of the Senate Appropriations Committee, I worked to ensure that the University of Findlay's antiterrorism program received careful attention during the appropriations process.

I am troubled by this context because if we think that this program is necessary to deal with a short-run problem by the industry and its inability to price this risk...

Nobody is going to write a prospectus now without the question of terrorism being one of the risk characteristics that you have to address.

I too would like to give my congratulations and laud you for how the industry has reacted in the post-September 11 time.

I also would like to know if your intent with regard to the legal recommendations that you are making are designed only to fit to the bridge proposal you have here, or are they intended to be long-term recommendations with regard to…

I do not think that the insurance companies are going to develop a book that allows them to be able to do that in that timeframe...

I wonder if you have done any economic analysis if we do not act with regard to this.

I appreciate the thoughtfulness of your presentation, even though I might not totally agree on all aspects.

I think that is the point, when we talk about how healthy the industry is with regard to surplus.

We need a long-term solution that is not just completely dependent on the marketplace making a decision.

That does not make sense to me.

Even by that analysis, it is a very substantial amount.

But the Government is the backstop for the insurance.

it seems to me this is a particularly inopportune time to have a significant amount of additional risk put into the marketplace.

It seems to me we are trying to reduce as much as possible the inherent uncertainty in this unprecedented situation.

I agree with so much of what you said. You gave an excellent statement. Your endorsement of market-based solutions, I think all of us would agree with that.

The point Senator Schumer made I think is an excellent one.

We believe that is good for all Minnesotans regardless of your political beliefs.