From National Review:

The National Flood Insurance Program (NFIP) essentially does the opposite of what a sensible climate policy would. Instead of accounting for the future, the NFIP incentivizes people to put themselves and their property in areas that we’re told are the most vulnerable to climate change. According to the R Street Institute, new development has grown faster in the very floodplains we know are at increased risk than it has in safer areas. R Street recommends an obvious first step: put a stop to this perverse incentive by ending federal insurance on new construction in 100-year floodplains.