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New Business - Insurance

Title: IN1 Workers' Compensation /JP 115126

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #JP 115126  in the amount of $180,000 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 62 year old Technician sustained knee  injuries while using a jackhammer resulting in bilateral knee replacements.  His  injuries prevented him from returning to work;   a claim of permanent and total disability was accepted.

The District has paid over $322,000 in medical benefits, wage loss and expenses ($61,000) to date.  Future exposure is estimated at over $260,000.  Excess reimbursement is not anticipated (expenses do not erode the retention); the retention is $500,000 in accordance with the contract.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $180,000.  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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