I gave the new driver a try, but both problems still persist. The second problem where I see "Exception Raised - Access Violation" for the windows display driver occurs on a few other older Steam games as well. Not sure where to go from here.
Please try to keep your system up to date with all the updates Microsoft provides and try to follow some information at the following website:
If the information that we have provided here does not solve your problem then we will need to wait for a new driver release that hopefully will be solving this problem.