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Patrick Wolff

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Patrick Wolff
Candidate, California Commissioner of Insurance
Elections and appointments
Next election
November 3, 2026
Education
High school
Belmont High School
Bachelor's
Harvard, 1997
Personal
Birthplace
New York, NY
Profession
Investor
Contact

Patrick Wolff (Democratic Party) is running for election for California Commissioner of Insurance. He declared candidacy for the 2026 election.[source]

Wolff completed Ballotpedia's Candidate Connection survey in 2025. Click here to read the survey answers.

Biography

Patrick Wolff was born in New York, New York. He graduated from Belmont High School. He earned a bachelor's degree from Harvard in 1997. His career experience includes working as an investor. He worked in business and finance from 1997 to 2017.[1]

Wolff has been affiliated with the following organizations:[1]

  • Mechanics’ Institute, board of trustees
  • Westside Family Democratic Club, board member

Elections

2026

See also: California Insurance Commissioner election, 2026

Note: At this time, Ballotpedia is combining all declared candidates for this election into one list under a general election heading. As primary election dates are published, this information will be updated to separate general election candidates from primary candidates as appropriate.

General election

The general election will occur on November 3, 2026.

General election for California Commissioner of Insurance

Ben Allen (D), Patrick Wolff (D), and Stacy Korsgaden (R) are running in the general election for California Commissioner of Insurance on November 3, 2026.

Candidate
Image of Ben Allen
Ben Allen (D)
Image of Patrick Wolff
Patrick Wolff (D)  Candidate Connection
Image of Stacy Korsgaden
Stacy Korsgaden (R)

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Endorsements

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Campaign themes

2026

Ballotpedia survey responses

See also: Ballotpedia's Candidate Connection

Candidate Connection

Patrick Wolff completed Ballotpedia's Candidate Connection survey in 2025. The survey questions appear in bold and are followed by Wolff's responses. Candidates are asked three required questions for this survey, but they may answer additional optional questions as well.

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Patrick is a financial analyst, father, and lifelong Democrat running for California Insurance Commissioner to fix our state’s broken insurance system and put consumers first. He’s spent his career solving complex problems in business, finance, and insurance, and is running for CA Insurance Commissioner because he believes Californians deserve an insurance system that is fair, transparent, and accountable. Before launching his business career, Patrick was best known for his accomplishments as a chess player. He is a two-time U.S. Chess Champion and international grandmaster. After graduating magna cum laude from Harvard University, he brought the strategic thinking and discipline he learned at the chessboard into the world of finance and insurance.
  • Patrick will fix California’s broken insurance system so coverage is available, affordable, and fair. California’s insurance markets are in crisis: many homeowners, renters, and small businesses can’t get the coverage they need, and those who can often face skyrocketing premiums and shrinking coverage. More and more people are being pushed onto the FAIR Plan, our “insurer of last resort,” which was never designed to carry this much of the market.
  • Patrick brings real insurance and financial expertise — and he will stay independent from the insurance industry. This office should be held by someone whose qualifications are in insurance, finance, and consumer protection, not someone looking for a political stepping stone. Patrick has spent years analyzing insurance companies like Berkshire Hathaway and other major public insurers as a Chartered Financial Analyst, and helped build a home and auto insurance brokerage inside Capital One. That work gave him an inside view of how insurers design products, price risk, and manage claims, and how those decisions affect ordinary people. He also understands the importance of independence. Patrick has pledged not to accept campaign contributions
  • Patrick will make the Department of Insurance work for consumers by demanding accountability, speeding approvals, and making policies understandable. Too often, people feel powerless when dealing with their insurance company. Claims get delayed or denied, policies are confusing, and there’s no easy way to compare how companies treat their customers. Patrick will change this. As Insurance Commissioner, Patrick will create clear “report cards” that grade insurance companies on how they handle claims using the Department’s existing justified complaint data, and he will require those grades to be shown to consumers before they buy a policy. Patrick will push to streamline rate-review timelines so California gets closer to the national average
Patrick is most passionate about:

Insurance reform and consumer protection:
California’s insurance system has become opaque, confusing, and too often unfair to ordinary people. Patrick cares deeply about creating a market where coverage is available and affordable, where companies are held accountable for honoring claims, and where consumers have clear information when they make decisions. That means grading insurers on claims performance, fixing underinsurance, strengthening the Sustainable Insurance Strategy to bring more companies back into the state, and investing in tools that make policies easier to understand.
Climate resilience and wildfire risk:

Our insurance crisis is tightly linked to climate change and worsening wildfires. Patr
Insurance is regulated at the state level. Each state has its own Department of Insurance; each Department of Insurance is run by the Insurance Commissioner. The Insurance Commissioner has the ultimate responsibility to make sure insurance is regulated effectively for the good of the customer, i.e. the end consumer.
While there are many people I admire, for the role of Insurance Commissioner the example I would most like to follow is Warren Buffett in terms both of how responsibly he anticipated/managed risk and how effectively he communicated to his shareholders. While the role of a government regulator is obviously different from that of a public company CEO, I believe the qualities that Mr. Buffett demonstrated will be crucial for me to do my job effectively.
Focus on the general public good; integrity; honesty; competence.
The fundamental job of the Insurance Commissioner is to regulate the insurance market for the good of the customer, i.e. the end consumer.
I would like my legacy in public service to be that I reformed California’s insurance market, made people’s lives better, and helped bring about more effective statewide governance generally.
I have a vivid memory of a July 4th parade in our town of Northampton celebrating the 200th anniversary of the Declaration of Independence in 1976. I was 8 years old.
After I graduated Harvard in 1997 I went to work for a management consulting company. I worked there for two years.
The collected plays of William Shakespeare, for their wisdom, their beauty, and their sheer entertainment.
I loved comic books as a kid and always wanted to be Spiderman.
My parents ended up divorcing. It was important for me to have a happy marriage and provide a more stable environment for my children. I am very glad and proud to say that has been the case.
The core responsibilities are: (1) ensuring the solvency of the insurance companies, so they can fulfill their obligations to customers; (2) the prevention, minimization and prosecution of fraud; (3) policing market conduct by insurance companies, including (but not limited to) ensuring they follow through on their responsibilities to pay claims; (4) fostering a well functioning and competitive marketplace, so that customers derive the maximum benefit from competition and innovation and pay the lowest sustainable prices for adequate coverage; (5) providing transparency for all stakeholders.
People should probably be more generally aware of the important role of the Department of Insurance and the Insurance Commissioner.
Most states appoint the Insurance Commissioner; only a minority elect this officer. I believe familiarity with the workings of government is important, but I do not believe it is important to have previously held elected office. In fact, there is an argument that this particular government role should not attract politicians who may use it as a stepping stone rather than being focused on doing the job.
The holders of this office should have deep expertise in insurance specifically and financial markets generally. Communication and negotiation skills are also extremely important.
I have heard many stories from people of the pain they endured from losing their homes and subsequent difficulty dealing with their insurance companies.
I am extremely proud of being the US Chess Champion in 1992 and 1995.

Note: Ballotpedia reserves the right to edit Candidate Connection survey responses. Any edits made by Ballotpedia will be clearly marked with [brackets] for the public. If the candidate disagrees with an edit, he or she may request the full removal of the survey response from Ballotpedia.org. Ballotpedia does not edit or correct typographical errors unless the candidate's campaign requests it.


Campaign finance summary

Campaign finance information for this candidate is not yet available from OpenSecrets. That information will be published here once it is available.

See also


External links

Footnotes

  1. 1.0 1.1 Information submitted to Ballotpedia through the Candidate Connection survey on December 10, 2025