Solution
This Excel crash appears due to LabVIEW and Excel running unsynchronized since they are both undeterministic programs and at some point it appears that an Excel report does not get enough time to close before a new report is open, causing LabVIEW to crash and report this error.
By providing some time delay in the
Dispose Report VIEnter the
Dispose Report VI choose to open NI_Excel.lv.class:Dispose Report.vi and set the
Wait (ms) Function inside to approximately 300 ms, see picture below.