Remote Work Adjuster Receives Reduced Tax Bill During Alabama Court Hearing, However, Uncertainties Persist
In a recent ruling by the Alabama Tax Tribunal, claims adjuster Candace Corley was found not to have transacted business in Alabama in 2021, a decision that has raised questions about the operations of Slide Insurance Co. during that year.
Corley, who was employed by EP Claims Service, based in Mobile, Alabama, but lived and worked in Florida in 2021, may have done work for Slide Insurance Co. and Allstate Insurance in that year, but not in Alabama. According to Corley, her statement about working for Slide in 2021 was a slip of the tongue. A Slide spokesperson confirmed that the company did not handle claims before February 2022.
Slide Insurance Co., founded in 2021, has been under scrutiny due to the timing of its initial rate and form filings with the Florida Office of Insurance Regulation, which were not made until February 2022. This coincides with the year 2021, which was marked by a few minor storms and Hurricane Ida, which produced thousands of claims.
Some in the industry have questioned if Corley's testimony indicated that Slide had begun selling policies or handling claims before it was licensed. The ruling has further raised questions in Florida regarding the operations of Slide Insurance Co. prior to its licensing.
The tribunal's decision was based on the fact that Corley's income in 2021 was not the result of business transacted in Alabama. Tribunal Chief Judge Jeff Patterson, who previously worked as an attorney for Alabama DOR for 13 years, made the final decision in the case. The decision eliminated Corley's $900 Alabama tax bill.
It is worth noting that Corley also worked as a desk adjuster for Allstate Insurance in Florida in 2021.
The Alabama Department of Revenue has the option to appeal the tribunal's decision within 30 days. Corley, who handled her appeal without a lawyer to save money, revised her workplace information on her 2022 W-2 tax form to avoid further withholding from the Alabama Department of Revenue.
The demise of Slide Insurance Co. and another carrier, Lighthouse Property Insurance Co., can be partly attributed to Hurricane Ida. The ruling in favour of Candace Corley adds another layer of complexity to the ongoing investigation into the operations of Slide Insurance Co. in 2021.
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