PODCAST: Insurance Commission Guidance Society (ICGS): Insurance Hour with Karl Sussman

February 10, 2026 ICGS: Insurance Hour with Karl Sussman

California's insurance marketplace is under unprecedented strain — canceled policies, rising premiums, shrinking competition, and a growing dependence on the FAIR Plan. But how did we get here, and what would it actually take to fix it?

On this episode of Insurance Hour, host Karl Susman welcomes special guest Stacy Korsgaden, a California native, former insurance agent with over 35 years of experience, and candidate for California Insurance Commissioner. Together, they unpack the real reasons behind the state's insurance crisis — from Proposition 103 and delayed rate approvals to wildfire mismanagement, regulatory bottlenecks, and systemic failures within the Department of Insurance.

Stacy shares her professional journey, explains how insurance companies assess risk, and lays out a detailed plan to restore competition, reform the FAIR Plan, streamline rate approvals, strengthen wildfire prevention, crack down on fraud, and create a unified disaster response system that actually serves consumers.

If you're a homeowner, renter, business owner, or voter trying to understand what's happening to insurance in California — and what choices really matter at the ballot — this is a must-listen conversation.

Informing, educating, and entertaining one policy at a time — this is Insurance Hour.