The feeling is, we're due for a major catastrophic event to occur here. We're doing this in order to preserve the promises we made to the large majority of our customers.

We have had the largest share of the market for decades. It's time for some of the other insurers to share that risk. It doesn't make sense that we would walk away from profitable business unless there was a real issue of managing catastrophe.

It was a combination of factors. We have, by far, the largest market share of any carrier in the state in these eight counties - 26%. We don't want to do this, but we had to in order to manage our exposure.