> Is a company that badly off if they need to write down the cost of a building if it gets burned down? That means a company has to always keep cash in reserve

> Is a company that badly off if they need to write down the cost of a building if it gets burned down? That means a company has to always keep cash in reserve against the off-chance of its building burning down just because insurance can't be trusted. That's money that can't go into expanding the business and creating additional jobs. Imagine the overhead of this parked money across thousands of businesses. Not to mention a lot of startups or young businesses can't have that sort of cash position, which means it becomes another barrier to starting businesses. It would be a major impediment to the economy.