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New Business - Insurance

Title: IN1 Workers' Compensation /SH 127433

Recommendation:
I recommend that the School Board approve the Worker's Compensation claim #SH127433 in the amount of $385,366 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 54 year old teacher sustained neck and back injuries in 1992 when she tripped over a student's book bag causing the following injuries which ultimately resulted in permanent and total disability: cervical and lumbar herniations, cord impingement, carpal tunnel syndrome of the left wrist and depression due to her overall condition.

The District has paid over $592,000 in medical benefits, wage loss and expenses to date.  We have exhausted our retention of $350,000 and the excess carrier has already begun reimbursing us and will reimburse the District for this settlement.  The attorney will receive $35,000 of the settlement based upon a statutory fee calculation.

 The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $385,366 (reimbursed by 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

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