During a "hard" insurance market, a manufacturing company decided to self-insure its workers compensa- tion loss exposure. The company hired a third party to administer the workers compensation claims. Even though the risk was being self-insured, the risk man- ager insisted that the third-party administrator main- tain meticulous records. When asked why such detailed records were necessary, the risk manager replied, "For story time with an insurance company next year." What did the risk manager mean?