Thank you, Madam Speaker. Madam Speaker, there's not a formal plan or policy or strategy around responding to insurance costs. Insurance costs are something that arises as a result of private market factors. And unfortunately, the Northwest Territories does face higher premiums generally. We have a smaller population over which the industry can spread its risk out. There's, you know, obviously remote location. There is the factor of the types of building materials that are used when we're dealing with capital insurance or capital products and assets, houses. And the fact is there's often limited emergency services. All of these are factors that can lead to higher costs in the North and not necessarily ones that we have an immediate ability to mitigate for residents or small businesses.

What I can say, Madam Speaker, though, is much as you've seen happen unfortunately with recent emergencies such as COVID, such as the floods, that if there are an acute event that occurs that the government does monitor such things and can step in to fill gaps if there are gaps and can step in and to ensure that there are not further emergencies. So while certainly I would be hopeful that we don't reach that point on an insurance front, we do keep an eye on what is occurring and, to the extent that we can, try to get information out to the small business community around what they might do to mitigate. Thank you, Madam Speaker.