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.

The insurer had sought approval for an emergency rate hike in the wake of LA fires, which led to the call for a meeting on its viability

Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.

State Farm pointed out that over the last nine years, the lack of alignment between price and risk means that for every $1 collected in premium, State Farm General paid

In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is needed now — which he says the company has “not met.”