We cannot let that happen.
That is correct.
We cannot ask the taxpayer to pick up the entire bill.
Mr. Chairman, I believe so. That question never came up because it was never a question of whether it was not to be covered.
What we ought to approach this challenge with is the question, how are we going to protect America's insurance consumers.
Neither can we allow the insurance industry to use the September attacks as an excuse to shirk its rightful role and responsibilities.
Were I still the insurance commissioner, I would try, Mr. Chairman, but I am not sure I would be successful.
Well, that is a consideration--we cannot do no solution. I do not think we can do that. So let us find the delicate balance.
We must allow the market to figure out how to price this new risk.
The good news is that the insurance industry is clearly capable of taking care of the losses that occurred on September 11.
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