Climate models robustly imply that some significant change in precipitation patterns will occur. Models consistently project that the intensity of individual precipitation events increases by approximately 6-7%/K, following the increase in atmospheric water content, but that total precipitation increases by a lesser amount (2-3%/K in the global average). Some other aspect of precipitation events must then change to compensate for this difference. We develop here a new methodology for identifying individual rainstorms and studying their physical characteristics - including starting location, intensity, spatial extent, duration, and trajectory - that allows identifying that compensating mechanism. We apply this technique to precipitation over the contiguous U.S. from both radar-based data products and high-resolution model runs simulating 100 years of business-as-usual warming. In model studies, we find that the dominant compensating mechanism is a reduction of storm size.