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New Business - Insurance

Title: IN1 Workers' Compensation /TF 131415

Recommendation:
I recommend that the School Board approve the Workers' compensation claim of TF, Claim#131415, in the amount of $100,000 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 43 year old Custodian sustained right shoulder and back injuries after falling which ultimately resulted in two shoulder surgeries.

The District has paid over $165,000 in medical benefits, wage loss and expenses to date.  The present value of future estimated benefits exceeds $320,000, anticipating permanent and total disability.

The claim was settled at mediation for $100,000 pending Board approval.  We have not exceeded our excess retention limits of $300,000.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $100,000.  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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