What do you get when you have your insurance company asking to void your policy

if you havent read lately mbia and other monoline insurers are attempting to void their contracts on 125 billion dollers of credit default contracts. This should be a huge redflag to people. Its bascially telling people the insurance company is going to suffer huge losses. Its kind of like your insurance company coming to you, a week before hurricane season, asking you to void your hurricane insurance. Your going to say no right. The bigger question you have to ask is why are they even asking, is it even worse then they think. Ok back to mbia brown resfusal to send 900 million down to the insurance arm of the company. They claim they have more then 7.5 billion in free cash to pay claims. If they have so much money, why would they want to void those contracts. Common sense. the next key date is mbia payment date for their noteholders. If they dont pay, this would be mbia first big default.