Still make me sad and hurt.

same

Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes.

@AJ XOXO that was layman’s term, you need it in baby terms

@AJ XOXO ok so you know how normal people have insurance to pay for unexpected expensive stuff? Well insurance companies also have insurance to pay for unexpected expensive stuff.

@AJ XOXO it offers more coverage but definitely not more affordable it’s gotta be thousands of dollars a month

Building was built that same year. Talk about a coincidence damn

@@GRANDTHEFTBATO , I believe that buildings built 1975 - 1985 are some of the shoddiest ever. There was so much corruption in building and in the building trades, and a lack of concern for quality.

Sick. Smh