First thing to try is setting the refresh rate to 60hz.
Second thing to try is updating your card's driver. If that doesn't work you might try rolling back your card's driver and trying an earlier version.
Please note that I am not an expert. The suggestions come from earlier threads covering this same problem. Subsim's search engine is not the best, but if you go to Google Advanced Search, type in "cannot initialize 3d engine", go down to the 'Domain' box and type in "Subsim.com", you'll get dozens of hits. There may be other suggestions there I didn't see.