I don't think the people in North Carolina are in any way a flood zone - meaning most rainfalls and storms will not and has not caused flooding there in the history of that location.
Merely extending flood insurance is not the solution. There should be a national pool of money available for climate disasters that can be disbursed every year to the major disaster incidents. This money can be raised from corporations or insurance companies or executives or any other pots of wealth.
The problem with a national climate disaster relief fund is that there is no incentive structure to push people to protect their property or migrate to less risky areas. We have areas that are destroyed every other year but people keep on rebuilding.
Perhaps as an alternative there could be a national fund with risk adjusted fees that is mandatory in cities that receive services.
It should be funded by a carbon tax… the root cause of the more rapid and intense climate change.
Gas and carbon emitting electricity sources should be a LOT more expensive than they are. That would then push more people to EVs and renewables even faster and if there is demand than economies of scale will be reached and the prices of EVs and renewables will fall even further.
Ah yes, people who are currently struggling with the prices of eggs and other necessities will run out and buy an EV tomorrow (absent infrastructure improvements of course) if only we increase their electricity bill too as a form of punitive social tax. Let's also not forget to twist whilst squeezing their testicles.
Compare: "How dare you start fining anybody who poops in the local water supply! Some poor villagers can't afford to dig their own latrines! You monster!"
You're presenting a false dilemma: We can have laws against inflicting harm on other people through pollution and do more to help the poor. Granting a special license to pollute is not a reasonable way to fix chronic poverty anyway.
Merely extending flood insurance is not the solution. There should be a national pool of money available for climate disasters that can be disbursed every year to the major disaster incidents. This money can be raised from corporations or insurance companies or executives or any other pots of wealth.