California Insurance Commissioner Ricardo Lara says his office is investigating State Farm's handling of wildfire claims following the LA fires. Lara announced Thursday that the California Department of Insurance has initiated a formal Market Conduct Examination of State Farm.

California regulators are investigating State Farm after wildfire survivors complained about how the insurer handled their claims.

Just over five months since the fires devastated Southern California communities, the Department of Insurance said it had initiated a market conduct examination of State Farm, expanding an ongoing