The approval comes months after devastating wildfires, and will add an average $600 a year to homeowners’ bills.

California Insurance Commissioner Ricardo Lara said he plans to approve a 22% emergency rate increase for State Farm policyholders, pending a public hearing next month, in a move aimed at stabilizing the state’s insurance market after the Los Angeles area’s devastating wildfires.

State Farm General, California’s leading home insurance provider, has formally requested an emergency rate hike averaging 22% due to financial challenges following the devastating fires in Los Angeles County.