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Weather disasters seen costly sign of things to come
Posted by Reuters: Molly O'Toole on July 29th, 2011
Reuters: The United States is on a pace in 2011 to set a record for the cost of weather-related disasters and the trend is expected to worsen as climate change continues, officials and scientists said on Thursday.
"The economic impact of severe weather events is only projected to grow," Senator Dick Durbin said at a hearing of the Senate Subcommittee on Financial Services and Government, which he chairs. "We are not prepared. Our weather events are getting worse, catastrophic in fact."
Durbin, an Illinois...
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Summer floods threaten record levels as rain predicted
Posted by Reuters: Molly O'Toole on July 6th, 2011
Reuters: With rivers still running above flood stage and soils saturated, forecasters predicted on Wednesday this summer flooding season could rival the worst in United States history.
In the "Great Flood of 1993," record-breaking floods from April to August cost more than $25 billion in damages in at least nine states.
But due to current high water levels and soaked soil, just a small amount of rain could trigger more flooding in areas that have already seen record flooding this 2011 season, the National...