Catastrophic Insurance: Stop Loss

Your insurance company has something called 'stop loss' that prevents them from taking a huge hit from claims.  Yes, your insurance company has insurance.  

The next time your insurer, whether it's for your home, business, health, whatever, tries to hit you up for a premium increase due to "big claims" due to a hurricane, earthquake, whatever, just know it's a ploy for you to shut up and take it up the you-know-what without dinner or a kiss.  

Here's the ugly secret insurance companies do not want you to know.  They MAKE money when disaster hits.  Their stop loss re-insurance kicks in and they jack up your rates.