North Dakota School Insurance Settlement Reached
The North Dakota state Insurance Department says it has settled a claim for $7.9 million for damage to the Northwood school from the Aug. 26 tornado that ripped through the community.
The department’s Fire and Tornado Fund provides property insurance for buildings owned by state political subdivisions.
Insurance Commissioner Adam Hamm said the settlement “will allow Northwood to move forward in their efforts to build a new school.”
The state Insurance Department says it issued a $4 million check in November to the Northwood School District in advance of the final settlement announced Thursday.
Hamm said the balance of the settlement would be sent to the school district in about two weeks.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- EPA Designates PFAS Chemicals as Superfund Hazardous Substances
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
Popular This Month
- CoreLogic Report Probes Evolving Severe Convective Storm Risk Landscape
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Mother of 8-Year-Old ‘Violently Sucked’ into Houston Hotel Pool Files Wrongful Death Suit
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair