Insurance companies have similar reserve requirements as banks. They are now holding underwater bonds to pay future claims. Tornado season is coming up soon. Higher than normal catastrophic losses would severely reduce the capacity of those companies to exist.
Long term bonds have fallen over 20% in value. If those companies had to mark their reserves to market value, they would have to severely reduce their exposure (not renew policies).
Property an casualty companies may be the short of a lifetime soon.
On another note, keep stacking the phiz. The moronathon in Washington DC may be approaching the finish line. The idiots have been exposed!