California's largest insurance provider, State Farm, has requested significant rate hikes of 30% for homeowners, 52% for renters, and 36% for condo owners, sparking concerns about the state's ongoing home insurance crisis. This request comes in the wake of a mass exodus of insurance carriers from California and marks State Farm's largest increase in at least seven years. The company's financial outlook was recently downgraded to "negative" by AM Best, with experts calling the situation a "ticking time bomb." The Department of Insurance has expressed serious concerns about the rate hike requests and plans to thoroughly investigate State Farm's financial situation before making a decision. With millions of California consumers potentially affected, the company must prove the necessity of the rate hikes for its long-term sustainability. Critics highlight the lack of alternatives for consumers in light of other providers leaving the state, emphasizing the urgency for state officials to address the crisis promptly.