State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 billion in claims due to the Los Angeles fires. 

As the largest home insurance company in the United States, State Farm covers 20% of the area devastated by the fires in Los Angeles County, which the company said ranked as “the costliest disasters in the history of State Farm General.” In Altadena alone, 6,000 homes, or around 40% of all residential units, were destroyed by the fires, according to a Los Angeles Times analysis.