Technology Shapes Insurance Companies’ Response to Wildfires

As wildfires raged this month in California, insurance claims experts at Travelers sat in a command center 3,000 miles (4,828 kilometers) away in Connecticut, monitoring screens showing satellite images, photos from airplane flyovers and social media posts describing what was happening on the ground. Real-time data and technology that were unavailable to property-casualty companies even…

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Nissan Board Fires Jailed Chairman Ghosn

Once-admired auto executive Carlos Ghosn’s fall from grace deepened Thursday when directors of Nissan Motor Co. voted unanimously to fire the recently jailed businessman from his post as board chairman. Dismissed along with Ghosn was another director, Greg Kelly, whom the board accused of working with Ghosn to understate their incomes on formal declarations and…

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Senate Clash Looming Over Nation’s Longest Judicial Vacancy

Senate Republicans are working to soon fill the nation’s longest judicial vacancy with a North Carolina lawyer whose nomination has raised objections from black lawmakers and civil rights groups concerned about his work defending state laws found to have discriminated against African-Americans. Senate Majority Leader Mitch McConnell, R-Ky., has helped push 84 of President Donald…

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Canada Unveils Investment Tax Break

Canada will allow businesses to write off additional capital investments to make them more competitive at a time when the United States is aggressively cutting taxes, Finance Minister Bill Morneau said Wednesday.  But Morneau, speaking as he unveiled a budget update that forecast a slightly smaller than predicted deficit for 2018-19, said Ottawa would not be slashing taxes to…

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Right-Leaning Nonprofit Paid Whitaker More Than $1.2 Million

Before joining the Justice Department, acting Attorney General Matthew Whitaker earned more than $1.2 million from a right-leaning nonprofit that doesn’t disclose its donors, according to the nonprofit’s tax filings. Whitaker’s earnings represented a sizable chunk of the charity’s revenue. Financial disclosure forms released Tuesday show Whitaker received $904,000 in income from the Foundation for…

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