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New Business - Insurance

Title: IN2 Workers' Compensation /MD 134646

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #MD 134646  in the amount of $184,000 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 52 year old custodian sustained back, left knee and left shoulder injuries after falling.  Her  injuries resulted in permanent and total disability which prevented her from returning to work.

The District has paid over $238,000 in medical benefits, wage loss and expenses to date.  Future exposure is estimated at over $704,000.  Excess reimbursement in accordance with the contract is anticipated as our retention is $300,000.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $184,000.  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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