Stacy Korsgaden

Stacy Korsgaden earned a high school diploma from Mt. Whitney High School and a bachelor's degree from California Polytechnic University, San Luis Obispo.

Her career experience includes working in insurance.[1]

Who are you? Tell us about yourself.

My goal is lower costs, more choices, and a healthy insurance marketplace. Insurance is my life's work and I have been a relentless advocate for outcomes that benefit my clients and will continue that fight for Californians at the Department of Insurance.

I am not a politician. I am a nationally recognized insurance industry expert with more than 38 years of hands-on experience helping families and small businesses navigate complex insurance policies, claims, and coverage decisions. I built a full-service insurance agency from the ground up, servicing nearly 8,000 policies, and earned recognition for excellence in underwriting, production, and client service.

Right now, California is uninsurable because the risk environment is too high. This didn’t happen overnight, and it didn’t happen by accident. We must bring down the insurable risk in the state by managing our land, addressing fraud, crime and homelessness.

I have a plan to restore competition and bring insurers back to California, expand product availability, change the culture of the Department of Insurance to be service-focused, and crack down on fraud. I will lead the Department to restore balance to the marketplace so that carriers can write policies and compete for your business.

I am uniquely qualified to turn this crisis around.

Please list below 3 key messages of your campaign. What are the main points you want voters to remember about your goals for your time in office?

Open a New Business Division: Restore competition and bring carriers back. California's crisis is the result of failed leadership. I will restore a functional marketplace by reducing regulatory barriers, streamlining rate approvals, and making California a state where insurers can write policies and compete for customers so they can get off the FAIR plan.Reduce the Insurable Risk: Lower premiums start with lower risk. I will work aggressively with state and local leaders to improve forest management, harden communities against wildfire, crack down on the fraud and crime that drive up claims, and invest in mitigation. You cannot regulate your way out of a crisis, you have to address the root causes.Protect consumers by fixing the system. Real consumer protection means having a functioning insurance market that offers affordable options, real choices, and an Insurance Department that serves the public.

What areas of public policy are you personally passionate about?

Free-market solutions for a healthy insurance marketplace. Getting customers off the FAIR Plan. Smaller, more efficient government.

What characteristics or principles are most important for an elected official?

Ethical and dedicated.

What legacy would you like to leave?

After four years as Insurance Commissioner I want to see 1. Mass depopulation of the FAIR plan.

2. Consumers in California facing lower costs for insurance and an abundance of product through a free market.

3. a high operational level of customer service at the Department of Insurance.

4. The legislature and Governor can claim success when we work together to lower the insurable risk in CA related to crime and wildfires.

What is something that has been a struggle in your life?

Losing my father at a young age shaped everything that followed. He was killed in a car accident and what saved my family from financial devastation was a life insurance policy he had taken out just weeks before his death. That gave me purpose in my career path.

It also gave me a visceral understanding of what insurance actually means to a family in crisis. It is not paperwork. It is not a premium payment. It is the difference between stability and collapse when the worst happens. I have carried that understanding into every client relationship, every claim, and every difficult conversation over the past four decades — and it is what drives me to fight for a California insurance system that actually works for the people who need it most.

What organizations or individuals have endorsed your campaign?

California Republican Party

Reform California

California Congress of Republicans

California Log Cabin Republicans

California Young Republicans Federated

Lincoln Clubs of Los Angeles

Senate Republican Leader Brian Jones

Senator Shannon Grove

Senator Tony Strickland

Senator Suzette Valladares

Assemblymember Carl DeMaio

Assemblymember David Tangipa

Fresno County Supervisor Nathan Magsig

partial list

A Coalition of Democrats, Republican, No Party Preference Voters and Insurance Professionals Support Stacy Korsgaden for Insurance Commissioner!

Campaign websiteKorsgaden's campaign website stated the following:A PLAN FOR CALIFORNIA California families are paying more and getting less. Stacy Korsgaden is an experienced insurance professional who has a clear, practical plan to restore stability, fairness, and affordability to the insurance marketplace. Restore Competition and Bring Insurers Back to CaliforniaWhen companies compete with each other for your business, prices go down. Stacy will rebuild confidence in California’s insurance environment by encouraging innovation and encouraging capital investments so insurers can offer a variety of products. The goal is to restore a strong, diverse insurance market. Expand Product Availability to Give Consumers More OptionsCalifornians deserve access to the same innovative, affordable insurance products available in other states. Stacy will open the door for new products and modernized policy options so families can get coverage that fits their needs and their budget so families don’t get forced into overpriced or bare-minimum coverage. Establish in the First 100 Days a New Business DivisionWelcome new admitted carriers into the state, offering choice and competition. Changing a dwindling market place into a vibrant,  innovative marketplace to serve the people of California. Change the Culture of the Department of Insurance to be Service FocusedEstablish a robust online "Consumer Advocacy Hub" that includes an Insurance Company Scorecard for accountability, tracks key indicators of market vitality, provides immediate claim assistance in catastrophe areas, maintains a list of company contact numbers, includes an "Insurance Agent Hotline" for reporting bad practices. Stacy will publish the Department’s annual budget for full transparency.  Crack Down on Insurance Fraud to Reduce CostsFraud drives up premiums for everyone. She will make it a top priority to strengthen enforcement and direct resources to actively investigate and prosecute insurance criminals. By taking a tough stance on fraud and ensuring that wrongdoers are held accountable, Stacy will work tirelessly to keep insurance costs down and protect consumers from dishonest practices that inflate rates and erode public trust in the insurance system.Ensure Accurate and Honest Replacement-Cost EstimatesToo many homeowners learn after a disaster that their policy underestimated rebuilding costs. Stacy will hold the Department of Insurance accountable for ensuring replacement-cost valuations are accurate and transparent, so families aren’t left underinsured when they need help most. Streamline Rate-Approvals From 300 days to the National AverageCalifornia takes nearly 300 days to approve insurer rate applications (five times longer than the national average). Stacy will streamline the process to hit the 60-day national benchmark, speeding up approvals and reducing uncertainty. Streamlining will prevent insurers from leaving and speed up approval of discounts and new products for consumers. Strengthen Wildfire Prevention & Home-Hardening StandardsCalifornia is years behind on controlled burns and does not provide clear home-hardening guidance. Stacy supports the Board of Forestry’s work to create modern, science-based mitigation standards. Clear standards mean homeowners will know what to do to protect their homes and what savings they’ll get for doing it. Reduce Reliance on the FAIR PlanThe FAIR Plan has become dangerously oversubscribed and was never intended to serve this many homeowners. Stacy will strengthen its solvency, reduce its size over time, and transition families back into the private market where they belong. Create a Unified Disaster Command CenterDuring wildfires, floods, and earthquakes, regulatory agencies operate in silos. Stacy will take fast action bringing all major agencies, including CalOES, under one roof in a centralized disaster-response command center, improving coordination and speeding up relief for impacted families. — Stacy Korsgaden's campaign website (March 12, 2026)Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.