North Dakota School Insurance Settlement Reached

February 4, 2008

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.

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