STATE FARM ANNOUNCED ON MARCH 20 THAT IT WOULD CUT 72,000 HOME AND APARTMENT POLICIES IN CALIFORNIA BECAUSE OF INFLATION, REGULATORY COSTS AND INCREASING RISKS FROM CATASTROPHES. THE DECISION IS A BLOW TO CALIFORNIA PROPERTY OWNERS, WHO ALREADY SUFFER UNDER HIGH INSURANCE RATES OR SCARCE POLICY COVERAGE. HOME OWNER; REGULATORY COSTS; DEM VOTERS