The state of California approved State Farm's request for an emergency 17% increase in homeowners insurance rates as the company deals with financial challenges after the Los Angeles wildfires.

Homeowners reeling from the wildfires in January say that State Farm’s increased rates are unfair and unfounded.

The State Farm unit then appealed to Lara for an emergency 22% hike and threatened to leave the state. After quick hearings, an insurance department judge found that 72% of the er