| By DREW BROACH | Deputy metro editor |
INSURANCE INFLATION: Hurricane Ian’s destruction in Florida is likely to spark renewed debate on drastic changes to the country’s flood insurance program, which is leading to major price increases for many in Louisiana. New Orleans area economic boosters have been trying to build national support to roll back aspects of the new system, and now that the more populous Florida has been hit again, they’re thinking they’ll get some help. (Keep up with the tropics via our free Hurricane Center newsletter.) RECESSION? Louisiana's real gross domestic product, a key measurement of the state's economic output adjusted for inflation, shrank 3% in the second quarter of 2022 – more than all but two states. Here’s why. (Want more business stories? Subscribe to our free NOLA Business Insider newsletter, emailed weekday mornings.) CLASH OVER CARBON: Advocates say carbon capture and sequestration, the process of pumping carbon byproducts of industrial processes deep underground for storage, helps fight climate change in a world still reliant on oil and gas. But in the Florida Parishes, attempts to inject carbon into wells are facing ferocious pushback from residents. For more environment news, sign up for our free Louisiana Coastal Watch newsletter, emailed weekly.) Welcome to the weekend. Catch the latest news all day on NOLA.com. D.B. | 