California’s state farm clients pay more home insurance from home insurance following a wildfire in the Los Angeles area after a judge’s ruling Monday to ease what the company calls “terrible” financial situation.

The decision was passed by California Insurance Commissioner on Tuesday, which awarded the company $400 million in cash injections and outlined a 17% increase in homeowner policies, below the bottom. The initial proposal for state farms was 21.8%.

Administrative Judge Karl Seligman believes there is evidence of “extraordinary financial distress” in state farms, according to the California Insurance Bureau.

After another hearing with the neutral judge, it will take effect on June 1.

"National Farms now have to give a full exchange rate hearing before the neutrality judge and experts from our department to detail its financial status and its recovery plan," Laura said in a statement.

this Insurance giant submission Its emergency interest rates increased requirements after the devastating Los Angeles area wildfires. Eaton and Palisades opened fire (the second and third largest fires in California history) destroyed a common 16,248 buildings and damaged thousands.

As required, the State Farm faces a rebound from Eaton Firefighter survivors due to obvious delays in insurance payments. State Senator Sasha Renée Pérez, who represents residents of burn scars, asked the state to postpone the decision until an accelerated investigation of the complaint was conducted in April.

"The decision to approve the unprecedented demands for emergency tax increases by the state farms, which ignores the difficulties and responsibilities faced by fire victims," ​​Perez said.

Lara is also facing Rebound In approval, it is guaranteed that residents weigh the option before adopting the decision.

"I'm focused on making sure that the state farm is completely, fairly paying claims to wildfire survivors, and nothing is there," Laura said. "I'm balancing all the facts. Protecting all state farm customers, the integrity of our insurance market is an urgent matter. Let me be clear: We're a statewide insurance crisis that affects millions of Californians statewide. Taking that requires a tough decision. It's not a game."

According to California Insurance, the company also agreed to "avoid the implementation of new block non-renewal plans by the end of 2025."