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not weak, unless the topic is the U.S. dollar. I'm David Brancaccio in Los Angeles.

First, California regulators are allowing state farm insurance to charge 17 percent more. This is in

the wake of wildfires that destroyed 16,000 structures earlier this year with some insured by state farm.

And it's not just California with the higher premiums. Marketplaces, Nova Safo is here.

Not just California, but California is quite notable because it's such an obvious example of a growing problem, David.

The scale of the premium increase here is quite large. 17%. California's insurance commissioner is allowing

State Farm to raise rates that much, at least for now. It's a temporary increase until a hearing

that still needs to be scheduled for sometime later this year. State Farm says it needs the rate

increase. On top of the 20% it got last year because it's in financial distress following the wildfires in January, which burned entire neighborhoods in Los Angeles, at least State Farm's California, State subsidiary is in distress.

The State's Insurance Commissioner characterized the situation in the state as a crisis, David.

All right. Statewide, right, we're talking California, but nationwide as well, like Florida.

That's right. Florida is by far the most expensive state for homeowners insurance, think hurricanes and floods.

Insurify, which is an insurance comparison site, crunch the data and projects the average annual homeowners insurance cost in Florida will rise above $15,000 by the end of this year. And the Midwest isn't spared either.

Insurify says rates in Iowa could rise 15% or more because home insurers there are paying out more than they're taking it in premiums.

Think storms and a hail there. So this is a nationwide problem, David.

All right. I'm still stuck on that 15 grand a year for insurance in Florida. Nova. Thank you.

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