Risk Services Of Arkansas - August 2021

Pregnant Woman Saves 4 Children From Drowning in Lake Michigan

It’s hard to convey just how terrifying the sounds of crashing waves, foul weather, and screams can be through just words on a page. Nevertheless, the story of Alyssa DeWitt, a 27-year-old pregnant mom, who saved four children from drowning in Lake Michigan, deserves to be told. You could make a pretty strong argument that carrying a baby and becoming a mother are pretty remarkable — and even heroic — things to do. When you save lives while you’re doing those things — well, that makes you a pretty extraordinary person. Alyssa DeWitt decided one day to take her kids to the lake. The winds were fairly strong, and they almost decided against going, but she ultimately put her two kids, a 6-year-old daughter and a 2-year- old son, in their van and drove from their home in Manistee for a fun day at the beach. When DeWitt arrived, she immediately saw a group of preteen and teenage girls make their way down to the water. She remembered being concerned for their safety considering how big the waves were that day. Her concerns became warranted when she saw one of the girls signaling to her. “I knew immediately something was wrong,” she told reporters from the Detroit Free Press. DeWitt pulled her kids out of the water and put them in the van. Then, she dashed over to the slippery pier, where she saw the girls trying unsuccessfully to get out of the rough water. Even though she was five months pregnant, DeWitt laid down on the ground and started trying to haul the girls up. The waves didn’t make it easy. Every time she got close, it seemed like another wave would come and push the girls back down. “I’m going to die,” one of the little girls lamented at one point. But DeWitt wasn’t about to let that happen. Eventually, she was able to get all the girls on shore, relying on what DeWitt could only say was “pure adrenaline.” DeWitt sustained a swollen wrist but was otherwise fine following the incident. Her baby was fine, too. She was very proud of her daughter, who helped keep her younger brother calm throughout the ordeal.

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world, so insurance companies are still grappling with the ramifications of more cybersecurity breaches.

Underwriters hate uncertainty, and they charge higher premiums when they don’t have confidence in their ability to accurately forecast the future. Cybersecurity threats continue to proliferate. As I write this (and probably as you read this), massive data breaches are occurring all over the world, and they are expensive to fix. According to IBM, the average cost of a data breach in 2020 was $8.46 million. Hackers will exploit weak cybersecurity systems to steal sensitive company data and hold it ransom. If the company pays them, they use cybersecurity insurance to cover the cost (if they have it), which drives up the costs for everyone else. This is a new frontier in the insurance

I can’t say exactly howmuch premiums for business owners will go up or how long insurance costs will continue to rise. The world we live in feels very volatile at the moment, but if the past is any sort of guide, we will get through this period of time and move on to calmer waters just like we eventually did after 9/11. I hope this helps you understand a little better why your insurance premiums are most likely going up.

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