Pulling an AFCI out and putting a old breaker in is putting a penny in the fuse holder, or oversizing the fuse until it stops popping.
If that were the case, then no insurance company would insure a house without AFCI breakers. As we all know, there are many many times more houses without AFCI breakers than there are with AFCI breakers. The only ones the insurance companies will not insure are the ones that have screw in or barrel fuses.
Give it time and they will not cover them. No different than any other advancement over time. Many no longer will ensure knob-and-tube. Others will take issue with houses with aluminum wiring, or possible mixes of alum-copper. Insurance companies still cover houses with fuses, lots of housing stock with them. But like any situation like that, over time, they can/do decide to no longer cover, or just simply raise the rates on houses with stuff that is no longer the way it's done. Just think of the last time you got homeowners insurance and the questions they asked about wiring, roofing materials, asbestos, etc, they are gauging the risk factors of your house.
Obviously wiring without AFCI works, and has for 100 years. But we can now do better. The situation isn't any different than cars. You don't need an airbag or a lot of other safety systems. They do improve your outcome in a crash, some might even reduce the chance of a crash. If your car has these systems, your insurance company gives you a reduced rate.
From the NFPA
"Electrical distribution or lighting equipment ranked first in direct property damage, and third among the major fire causes in the number of home fires, fourth in home fire deaths, and tied for third in home fire injuries."