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New Business - Insurance

Title: IN1 Auto Liability /TC 674812

Recommendation:
I recommend that the School Board approve the Auto Liability claim #TC 674812 in the amount of $80,000 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 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 22 year old security guard sustained severe left shoulder injuries in 2004 when his vehicle was struck by a school bus; our driver was cited for running a red light and the other vehicle was deemed a total loss.  The left shoulder required two surgeries and the medical costs exceeded $54,000.  This is a negotiated settlement; against a demand of $100,000.

  The settlement will extinguish all future liabilities.

Financial Impact:
The financial  impact to the District for this settlement is $80,000.  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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