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ClimateWire will not publish on Friday, July 4. It will return on Monday, July 7.

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SPOTLIGHT

1. RISK:

U.S. hit with 90% of the world's disaster costs in 2012

The United States led the world in disaster losses last year as a massive drought seared Midwestern crops in the field and as superstorm-driven waves wreaked havoc and blackouts along the East Coast. They added up to one of the most expensive weather damage years on record.

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