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New Business - Insurance

Title: IN1 Workers' Compensation / AB 127414

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim AB #127414 in the amount of $275,000 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 43 year old bus driver sustained head, neck and back injuries after being struck by a student in 1992.  Her  injuries resulted in permanent and total disability. Morbid obesity including multiple blood clots caused complications to her treatment and psychological problems resulted. Social Security accepted her as disabled.

The District has paid over $330,000 in medical benefits, wage loss and expenses to date.  Present day value of future exposure is estimated at over $371,000.  Special Disability Trust fund reimbursement is anticipated at 100%.  Out of the settlement a fee of $41,250 will be paid to the claimant's attorney.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $275,000.  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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