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New Business - Insurance

Title: IN2 Workers' Compensation /MV 126462

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #MV 126462  in the amount of $125,000 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 now 75 year old Custodian sustained back injuries while using a backpack vacuum.  Her  injuries resulted in permanent and total disability after conservative care failed and she was unable to return to work.

The District has paid over $348,000 in medical benefits, wage loss and expenses to date.  Future exposure is estimated at over $229,000.  Excess reimbursement of this settlement  is anticipated  as the retention of $250,000 has been exceeded. Excess has been reimbursing us as expenditures are made.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $125,000, however we expect 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

Attachments (list):
Q&AIN2.doc

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