Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate hike due to the Los Angeles fires unless the insurer can provide more evidence it is warranted.

After massive payouts from L.A. fires, California's largest insurer faces tough questions about its 22% premium increase request

In the wake of the Los Angeles wildfires, State Farm asked for an “emergency” premium increase of 22% on average for California homeowners. Lara today denied the request pending more information.

California insurance regulators are demanding that State Farm answer “critical questions about its financial condition” in response to the company’s request for emergency approval of a steep rate hike for homeowners in the wake of the Los Angeles wildfires.

Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California officials for an emergency interim rate increase. The rate hike could work out to an average increase of 22% for California homeowners, State Farm General revealed Monday.

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

You could face a 22% rate hike if State Farm covers your home. The company sent a letter to the California Dept. of Insurance Monday warning of its "dire" financial situation in the wake of the Los Angeles County wildfires - requesting an "emergency" rate hike.

State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.”

California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to the company’s “dire” financial situation after the deadly and destructive L.