the center for insurance research, the property casualty association of america and the cea, a trade association of european insurers. without objection, it is so ordered. i want to thank this panel for their contribution today and taking all the -- we did it in three hours which is pretty good. maybe next time we can keep it for five. there will be another opportunity to visit with mr. skinner. we called him over here to enjoy that. i think that we gained a lot from the international exposure of having mr. skinner, but all of the participants on the panel were extraordinarily contributed today, and i think even the greatest doubters on the committee may tend to say that we moved the ball down the field further with the result of this hearing. i want to thank you again for being part of it. i look forward to future hearings on this very subject and now the panel is dismissed and this hearing -- >> before you adjourn, just to enter something in the record. from the ai alert of june 5th to larry summers. >> didn't mean you hold up an extra 30 seconds, but i did want to make it into the

i'm here today on behalf of the national association of mutual insurance companies to present our views on systemic risk. dynamic represents more than 1400 property, casualty insurance companies ranging from non-farm mutual companies to large, national writers. members serve the insurance needs of millions of consumers and businesses in every town and city across america. i service chairman of the services task force which was created specifically to develop the policy response to the financial services crisis. our nation faces uncertain economic times and we comment the committee for holding this hearing to explore the role of systemic risk regulation in the insurance industry. >> the property casualty insurance industry like millions of businesses did not contribute to the current financial crisis, however, we, too, have felt the negative impact of this crisis. just like most american citizens and businesses, the property casualty insurance industry has played by the rules. we are solvent and continue to serve our policyholders the same today as before the economic crisis. if you exclude the very few companies that are linked to financial markets. our an