No, i've removed it from the rentals we have and rewired them. As for my own place, it was built in 1877 but not wired until the early fifties. All cloth covered romex. I've removed all that also. Believe me, I have a big pile of it in the back waiting to be burned.
si bet you have K&T covered with insulation..........
and are burying your head in the sand over this as a known hazard