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North Dakota insurance fund CEO defends practices amid school bus crash settlement rejection.
North Dakota Insurance Reserve Fund CEO Keith Pic defended the state fund’s practices on a podcast, arguing that decisions are based on liability and actuarial analysis, not financial incentives.
Pic explained that rejecting a settlement in the 2023 Northwood school bus crash was to avoid inequities as injuries continued into 2025.
He denied a link between the fund’s conferments to local governments and claims outcomes, while acknowledging the need to rebuild public trust amid political scrutiny.
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El CEO del fondo de seguros de Dakota del Norte defiende las prácticas en medio del rechazo del acuerdo de accidente de autobús escolar.