This story was originally published . Sign up for their newsletters. By Levi Sumagaysay, CalMatters State Farm could soon win final approval to raise premiums for California homeowners and others on an interim basis,

Consumer Watchdog, which is opposed to the rate increase, said the insurance giant had argued it's too big to fail, which isn't a proper legal argument.

State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the devastating Los Angeles wildfires.