It's all but guaranteed. We spent ages making things with tolerances that could, for instance, sustain a once in a century storm. Which makes sense and was a good idea at the time.
What we did not do is make things that could be hit by such events consecutively year after year.
In addition a lot of the maintenance (or god forbid upgrading) has been deferred for decades.
Multiple dam failures looking likely in NC. Doesn't take as much rain to cause flooding with the mountains over there. I've heard people saying there are entire houses floating down the Swannanoa River