Midwest Flooding Damages Expected to Cost Over $1 Billion

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Published on March 22, 2019 - Duration: 01:04s

Midwest Flooding Damages Expected to Cost Over $1 Billion

Midwest Flooding Damages Expected to Cost Over $1 Billion Last week, the Midwest was struck by a "bomb cyclone" storm that brought heavy snow and rain.

Since the frozen grounds couldn't absorb the precipitation, many states are now dealing with flooding.

Experts say the costs will be high because many who were impacted do not have flood insurance.

Outdated federal flood maps are a big reason for why so little are covered.

According to CBS, those affected by the flooding didn't know that they needed flood insurance.

Consumer Federation of America, via CBS

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