This story was originally published . Sign up for their newsletters. By Levi Sumagaysay, CalMatters State Farm could soon win final approval to raise premiums for California homeowners and others on an interim basis,

State Farm seeks a 38% rate hike in California due to wildfire losses. A public hearing was held, with final approval pending from Insurance Commissioner Ricardo Lara. Consumer Watchdog opposes the hike,

State Farm General Insurance Co. said it needs the jolt of money to buoy its finances following years of losses and the fires that ravaged the Los Angeles area in January.