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Started By
Message
Excessive litigation costs the Louisiana economy $5.17B per year
Posted on 1/8/24 at 12:52 pm
Posted on 1/8/24 at 12:52 pm
quote:
Louisiana’s civil justice system is costing the state’s economy billions of dollars and tens of thousands of jobs-particularly in major metropolitan areas, reports The Center Square.
Citizens Against Lawsuit Abuse, a nonpartisan group focused on tort reform, has released a series of city-specific economic impact reports for 2023 that provide a snapshot of the cost of frivolous lawsuits in Baton Rouge and New Orleans.
The reports follow an annual Judicial Hellholes report from the American Tort Reform Foundation in December that ranked Louisiana as the seventh worst state in the nation for “places where judges in civil cases systematically apply laws and court procedures in an unfair and unbalanced manner.”
The Citizens Against Lawsuit Abuse reports show the gross product lost to excessive tort litigation in Louisiana is about $5.17 billion each year, with $3.54 billion in direct costs.
The losses equate to $268.6 million in lost state revenues, and $224.2 million in local revenues statewide. The excessive tort costs equate to a “tort tax” of $1,263 per Louisianan, and translate to 48,696 jobs lost, according to the reports.
quote:
Much of the tort costs in Louisiana stem from the New Orleans-Metairie metropolitan area, which is defined as Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. James, St. John the Baptist and St. Tammany parishes.
LINK
This post was edited on 1/8/24 at 12:53 pm
26
Posted on 1/8/24 at 12:53 pm to dewster
Louisiana is a garbage state filled with mostly garbage people.
Posted on 1/8/24 at 12:54 pm to dewster
Don't say shite from now on about our Texicans building our state and our border. Abbott doesnt...
Posted on 1/8/24 at 12:58 pm to dewster
This is a huge exaggeration and politically motivated on the day of the inauguration of the new governor.
Posted on 1/8/24 at 12:59 pm to dewster
I am shocked that the insurance lobby paid for a report that said this. Still waiting for my premiums to drop after the last round of tort reform.
Posted on 1/8/24 at 12:59 pm to dewster
Those billboards aren't going to pay for themselves.
Posted on 1/8/24 at 1:00 pm to Motorboat
quote:
This is a huge exaggeration and politically motivated on the day of the inauguration of the new governor
Our new governor is a billboard lawyer
Posted on 1/8/24 at 1:01 pm to Motorboat
Found the plaintiff POS. Surprise, insurance companies don’t want to be in Louisiana because they’re tired of getting the shite sued out of them by the billboard clowns. Until that’s reigned in, nothing changes.
Posted on 1/8/24 at 1:03 pm to In The Know
quote:
Until that’s reigned in, nothing changes
quote:
Still waiting for my premiums to drop after the last round of tort reform.
Posted on 1/8/24 at 1:03 pm to In The Know
quote:
Found the plaintiff POS. Surprise, insurance companies don’t want to be in Louisiana because they’re tired of getting the shite sued out of them by the billboard clowns. Until that’s reigned in, nothing changes.
Yep.
Can’t get much worse than JBE on that front. But I don’t have a lot of confidence in Landry yet.
This post was edited on 1/8/24 at 1:05 pm
Posted on 1/8/24 at 1:23 pm to Dizz
quote:
Still waiting for my premiums to drop after the last round of tort reform.
Despite the name, they didn’t reform torts to any significant degree. As long as doctors can charge what they want, insureds can be threatened with excess exposure, promiscuous doctors are willing to relate any and all manner of symptoms and treatment to an accident based on nothing more than a self-interested claimant’s subjective complaints of pain, etc., we aren’t going to reform anything.
Posted on 1/8/24 at 1:26 pm to dewster
There should be a consequence for bringing BS lawsuits. Enforce a "loser pays" system.
Posted on 1/8/24 at 1:27 pm to Jack Bauers HnK
quote:
As long as doctors can charge what they want, insureds can be threatened with excess exposure, promiscuous doctors are willing to relate any and all manner of symptoms and treatment to an accident based on nothing more than a self-interested claimant’s subjective complaints of pain, etc., we aren’t going to reform anything.
THIS is the perfect explanation of the issue with our system. I got hit by a guy WHO DROVE INTO MY LANE while I was driving one of my company vehicles. He started complaning of "back pain" as soon as they learned it was a commercial vehicle. My insurer settled for "policy limits" and told me I was on my own for excess awards if I didn't agree to the settlement. Dude and his lawyer and insurance lawyers all get a fat check. My rates increase by 40%. Total shite.
Posted on 1/8/24 at 1:31 pm to dewster
Doesn’t GAF……..
Get it done.
Posted on 1/8/24 at 1:32 pm to dewster
So over a grand for each person in the state. Or probably five grand for everyone pulling the wagon and not weighing it down.
Posted on 1/8/24 at 1:44 pm to In The Know
quote:
Found the plaintiff POS.
I mean I'm reading this LINK about the report and it's all over the place.
quote:
Other issues cited by the foundation revolve around lawsuits following hurricanes that have cost insurers $23 billion between 2020 and 2022 and driven many out of the market. The report cites a Texas law firm that filed 2,766 lawsuits through a scheme that involved unwitting homeowners assigning their insurance benefits to a roofing contractor.
Yeah that case is leading to a lot of pain for that firm. Likely criminal prosecutions ultimately. The system isn't protecting them.
quote:
"Coastal litigation is the big ugly one," Harbison said. Over 40 lawsuits filed by six Louisiana parishes against more than 200 energy companies are "a payday for the trial lawyers, and they don't do anything to restore the coast or protect it for the future," she said.
This is an issue, but this isn't a LA thing specifically. Also this is not your typical plaintiff thing like MV/BI. This is the top tier of trial firms. Those guys aren't taking minimum policy fender benders.
There are 2 main problems other than the framing things I noted above:
1. The numbers cited are pretty much fan fiction, but speculative at best.
quote:
Research from the Pelican Institute shows in the two years after the lawsuits were first launched, 2,000 jobs worth $70 million in wages were lost as a result of the litigation risk.
Or from the link in OP:
quote:
The Citizens Against Lawsuit Abuse reports show the gross product lost to excessive tort litigation in Louisiana is about $5.17 billion each year, with $3.54 billion in direct costs.
Primarily, the report never defines "excessive litigation".
2. How do you fix stuff they're complaining about?
quote:
"Small, family-owned businesses don't have teams of lawyers standing ready to help defend them against every nuisance suit or meritless claim," she said in a statement. "The cost of defending itself against just one disingenuous lawsuit can be enough to put a small business out of business.
"Our small business members are asking their legislators to support legislation balancing the scales of justice in next year's legislative session."
I get the MV/BI abuse on small scale torts and PI mills, but those guys aren't filing these suits, either. How do you stop non-frivolous litigation against "small businesses"? Also these are government suits by individual parishes. Also, their primary complaint is that these suits aren't heard in federal court, but a very conservative USSC denied that argument.
quote:
he solutions are obvious,
They're so obvious, the report doesn't list them
Posted on 1/8/24 at 1:45 pm to dewster
What's funny is if you bring this up to the people getting rich over this, they blame the Insurance companies. This state will never be anything more than a dumpster fire when it's most prominent industry is Injury Law.
Posted on 1/8/24 at 1:46 pm to Saskwatch
quote:
There should be a consequence for bringing BS lawsuits. Enforce a "loser pays" system.
That will just increase costs
Posted on 1/8/24 at 1:51 pm to illinitiger
Injury lawyers own the local news too.
Posted on 1/8/24 at 1:52 pm to dewster
Yea but Gordon puts our favorite local football team players on billboards, so we love him
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