California insurance commish to State Farm: go pound ashes

State Insurance Commissioner Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average of 22 percent because of the Los Angeles wildfires. Lara denied the increase to the unit of Illinois-based State Farm Mutual Automobile Insurance, saying the company failed to prove it was warranted, the […]This article originally appeared on The Real Deal. Click here to read the full story.