1. A system for intelligently underwriting insurance policies using community or social network based data, comprising: a communication device to receive community or social network rating data associated with a potential entity to be insured; a processor coupled to the communication device; and a storage device in communication with said processor and storing instructions adapted to be executed by said processor to: analyze said community or social network rating data; apply weighting factors to said community or social network rating data; and transmit an underwriting decision for the potential entity to be insured based at least in part on said community or social network rating data.