California is in a Record Drought, Britain has Record Floods

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A headline in USA Today proclaims that "Britain's Flood Crisis Deepens, Thames Bursts its Banks".  Meanwhile California is in the midst of a record drought, recent rains notwithstanding.  While not necessarily the result of global warming, the historic conditions in different parts of the globe remind us that disasters can come in many forms, not just earthquakes or typhoons.  The economic damages from these events can be truly catastrophic, with most of the burdens falling on the public. 

Risk Alert