It makes good financial sense for insurers to push the insured to take preventative measures.
An insurer should provide incentive to bring a building up to code to avoid a costly fire.
The option to simply raise prices accounting for the fire leaves out the business of those who cannot afford it: the people leaving in a building that's not up to code.
An insurer should provide incentive to bring a building up to code to avoid a costly fire. The option to simply raise prices accounting for the fire leaves out the business of those who cannot afford it: the people leaving in a building that's not up to code.