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

California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant could justify the hike at a public hearing.

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.