Midwest Flooding Damages <br />Expected to Cost Over $1 Billion Last week, the Midwest was struck by a "bomb cyclone" storm that brought <br />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 <br />because many who were impacted <br />do not have flood insurance. Outdated federal flood maps are a <br />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
