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.
Was this article valuable?
Here are more articles you may enjoy.
Founder of Auto Parts Maker Charged With Fraud That Wiped Out Billions 
US Will Test Infant Formula to See If Botulism Is Wider Risk 
Charges Dropped Against ‘Poster Boy’ Contractor Accused of Insurance Fraud 
Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.