Homeowners reeling from the wildfires in January say that State Farm’s increased rates are unfair and unfounded.

SACRAMENTO, Calif. (AP) — California’s top insurance regulator said Tuesday that State Farm can soon start raising premiums by 17% for all of its home insurance customers in the state to help the insurer rebuild its capital following the Los Angeles wildfires.

Following a judge's ruling, State Farm customers in California are one step away from paying more on their insurance to alleviate the company's "dire" financial situation after the Los Angeles fires.

On the eve of his budget presentation, Gov. Gavin Newsom sought to blame President Trump's tariff policy for reducing California state revenues.

President Donald Trump’s tariff policies are projected to cut California’s tax revenue by $16 billion in the next fiscal year, Governor Gavin Newsom’s finance department said in a memo.