The Connecticut Insurance Department has announced savings of nearly $40,000 in processing and mailing costs since it switched its licensing renewal notice process for casualty adjusters and motor vehicle property damage appraisers to an online-exclusive format.
“We are pleased to offer another efficient service for the industry professionals licensed by the Department,” Commissioner Katharine L. Wade said. “The department is now emailing renewal notices to the 73,000 casualty adjusters and motor vehicle property damage appraisers in Connecticut beginning this week, improving efficiency by saving time and shedding thousands of dollars in mailing and postage costs.”
The current licenses expire on June 30 and the new licenses are good for two years. The renewals are processed online through the National Insurance Producer Registry and the state expects this process will generate approximately $6 million for the General Fund.