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New Business - Insurance

Title: IN2 Workers' Compensation #125302

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #125302 in the amount of $70,000 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 61 year old after school worker sustained right knee and left shoulder injuries  in 1987 after stepping in a hole.  Injuries resulted in permanent and total disability after conservative treatment failed.  The present value of the total future exposure is estimated at over $220,000 if  not settled.

The District has paid over $317,000 in medical benefits, wage loss and expenses to date.  Excess reimbursement is  anticipated  in accordance with the retention of $150,000 and they have already begun reimbursing us.  The attorney fee paid out of the settlement totals $11,250;  this amount was by agreement between the employee and her attorney and will be approved by the Judge.

 The settlement will extinguish all future liabilities.

 

Financial Impact:
The financial  impact to the District for this settlement is $70,000.  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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