Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the company’s emergency rate hike.

Earlier this month, State Farm — the state’s largest home insurance provider — asked the California Department of Insurance to approve statewide rate increases averaging 22% for homeowners. It also requested a 15% increase for renters and condo owners and a 33% hike for rental owners.

California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners.

Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.

State Farm responded by saying that it “must seriously consider its options within the California insurance market going forward.”

State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average 22%.

Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in Oakland.

Representatives from State Farm will be meeting with the California Insurance Commissioner Wednesday to discuss the insurer’s request for an emergency 22% rate increase.