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New Business - Insurance

Title: IN4 - Workers' Compensation /MH 126075

Recommendation:
I recommend that the School Board approve the Workers' compensation claim of MH, 126075 in the amount of $69,750 representing compensation, attorneys' fees and costs and authorize the execution of all related documents.  This settlement will finalize all outstanding issues.

Description:

The Settlement of this claim was recommended by the District's outside counsel and claim adjusters and has been approved by the Chief Counsel, Chief Financial Officer and Director of Employee Benefits and Risk Management as required by District Policy #6.09.

A 64-year- old Custodian sustained left shoulder and neck injuries when moving furniture which ultimately resulted in permanent and total disability.

The District has paid over $318,000 in medical benefits, wage loss and expenses to date.  The present value of future estimated benefits exceeds $100,000.

The claim was settled post mediation for $69,750; the District will  be reimbursed by its excess carrier as we have already reached our retention of $250,000.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $69,750 (excess will reimburse 100%).  The source of funds is the General Fund.

For Additional Information, contact:
Joseph M. Moore (moorej@palmbeach.k12.fl.us)/ Dianne L. Howard

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