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New Business - Insurance

Title: IN1 Workers' Compensation /RT 125675

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #RT 125675  in the amount of $354,873.98 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 now 56 year old PE teacher sustained knee injuries after being knocked down by a student in 1989.  Her  injuries resulted in permanent and total disability after conservative care failed which prevented her from returning to work.

The District has paid over $591,000 in medical benefits, wage loss and expenses to date.  Future exposure is estimated at over $786,000.  Excess reimbursement of this settlement  is anticipated in accordance with the contract as the retention is $200,000.  Excess has been reimbursing us as expenditures get paid.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $354,873.98.  However we expect full reimbursement from our excess carrier. 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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