California's insurance crisis sparked debate about whether the debacle has been fueled by price controls that keep premiums artificially low.

Starting next month, millions of Californians will see a sharp rise in their property insurance premiums as State Farm got the official green light from the state's insurance commissioner.

California’s top insurance regulator said Tuesday that State Farm can start raising premiums by 17% for all of its home insurance customers in the state to help the insurer rebuild its capital ...