State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after premiums were kept artificially low.

State Farm, California’s largest home insurance provider, is seeking to raise home insurance rates by an average of 22% following the devastating wildfires that swept across the state. The company, which has operated in California for nearly a century,

State Farm said it wants to raise rates for millions of California homeowners due to increasing wildfire risks.