SLO County candidate concedes bid for state insurance commissioner
.jpg "San Luis Obispo County insurance agent Stacy Korsgaden ran for California insurance commissioner in 2026. She conceded in the race after coming in third in early results.")
San Luis Obispo County insurance agent Stacy Korsgaden has conceded defeat in her campaign for state insurance commissioner.
In a Facebook post, Korsgaden said there is “no path to the general election” for her campaign based on the most recent ballot returns, which showed her in third place with 1.153 million votes, or around 15.7% of the vote.
Korsgaden, a Republican and Grover Beach resident, thanked her supporters, family, friends and colleagues for their support over the campaign.
“The insurance system is broken,” Korsgaden wrote in the post. “What should be a stable industry serving policyholders has been damaged by political mismanagement and a lack of respect for market forces.”
“California is uninsurable because leaders have not used our tax dollars to reduce risk, care for our forests and wildlands, address crime and homelessness, or pursue policies that strengthen rather than weaken our state,” she continued. “That is the warning. But it is also the hope. With disciplined leadership, these problems can be fixed and the system can work for all parties.”
‘We must remain vigilant,’ Korsgaden says
In her concession statement, Korsgaden said she would continue to fight for transparency and fairness in the insurance market.
“We must remain vigilant,” she said in the post. “We must demand transparency, fairness and long-term solutions that protect consumers while ensuring a stable insurance market.
“The future of California depends on informed, engaged citizens who are willing to speak up and hold leaders accountable,” she continued.
The state insurance commissioner is in charge of regulating California’s property insurance market — the largest in the nation — including approving home and auto rate increases and upholding consumer protections.
The job has taken on more significance after several major insurers stopped issuing new homeowners policies in California following years of destructive wildfires, compounded by climate change.
Prior to her run for state insurance commissioner, Korsgaden narrowly lost a bid for the District 3 San Luis Obispo County Supervisor seat to Adam Hill in March 2020, and lost again when she ran against Dawn Ortiz-Legg for the District 3 seat in June 2022.
That same year, she ran for mayor of Grover Beach but lost to Karen Bright with 43.4% of the vote.
She also drew attention shortly after she attended the Jan. 6, 2021, election rally in Washington, D.C.
With her concession, Democrat State Sen. Ben Allen and Democrat former San Francisco Supervisor Jane Kim are poised to advance to the general election with 19.4% and 27.2% of the vote, respectively, according to the Secretary of State’s Office.
“Though this campaign has ended, the work is far from over,” Korsgaden said in the post. “I remain committed to advocating for policies that serve the people of California and protect the promise of this great state.”
This story was originally published June 10, 2026 at 4:34 PM.
