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California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates ...

It’s unclear how much premiums could go up in the Bay Area or which parts of the region would see the largest rate hikes.

Commissioner Ricardo Lara Lara wants the insurance giant to present evidence justifying the increase at a public hearing ...

State Farm justified its rate hike by claiming it is paying out $1.26 in claims for every dollar it collects in premiums, resulting in the loss of $5 billion in the last nine years.