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Thank you again for being here and giving me this opportunity to talk about what has the potential of being a devastating event for our state beginning with policyholders of property insurance of all forms statewide from Shreveport to Grand Isle property insurance for commercial buildings and for mobile homes for renters and for homeowners all are at grave risk and exposure as a result of what came down from the supreme court on Friday afternoon ultimately all property insurance policyholders in Louisiana will bear whatever cost these class-action lawsuits have for citizens in order and will whether we implement an assessment in order to pay them or not whether we are lucky in the coming hurricane season and do not have to expend the approximate hundred million dollars of retention that we have year in and year out under our reinsurance agreements are deductible if you will which we expended three years ago when Hurricane Gustav came through the Houma Baton Rouge and then on up into Central and North Louisiana that expended that hundred-million-dollar retention was expended and we went into our reinsurance of to some extent dick Robertson is with us today and can speak to that although that was just before his coming onboard with us after John workman's resignation as I have said in the past I consider this judgment unconscionable it is deficient in my mind legally but I'll leave that to the second part of our presentation and I have available also Jim BAPS who are a lawyer from New Orleans that I hired when this all began to threaten to result in the kind of expenditure and judgment that came down last week judgment and expenditure at the suggestion of ginger Sawyer the executive vice president Louisiana association of business and industry who when this thing seemed to be growing and becoming more political I sought the advice oh and she told me that if she needed a lawyer she would have gone to gym Bast, and so I did that and Jim is here today he's been counsel of record in the litigation although not doing the actual oral arguments to the Court of Appeals which was successful and to the Supreme Court which you know we lost on a four to three vote last week but Darren pagan who did do those oral arguments for citizens and I attended both and they were incredibly impressive and very well done Mr. pagan had neck surgery last week and would be with us today with Jim if not for the fact that he can't travel for fear of getting hit by one of our not so good drivers on the roads in Louisiana and put back on the operating table but Jim is fully capable of answering any and all questions I've asked have we distributed those dissent opinions I've asked that those be handed out I read them last night there a page and a half each and frankly that's all you need to know about the legal issues I'll come back to that as I said afterwards but it's very straightforward very short and an easy to comprehend from even a layman's point of view but what the issue...
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