(No Ratings Yet)“Can you guess the one state whose lawsuit climate ranked worse than Louisiana?”
That’s right, there’s only one. Louisiana ranked as the second worst lawsuit climate in the country in the newly released 2019 Lawsuit Climate Survey: Ranking the States. Watch the video to see which one was worse.
Louisiana’s poor lawsuit climate may be a real threat to its economic outlook. A record 89 percent of survey respondents said a state’s lawsuit environment is likely to impact their company’s decisions about where to locate or do business.
The practical effects of Louisiana’s bad lawsuit climate is that it hurts its citizens. Residents pay thousands of dollars a year through sky-high insurance rates and other costs. Louisiana drivers pay an average of $2,300 for auto insurance—50 percent higher than the national average. Another research study found every household’s yearly share of the state’s tort system was about $4,000 in 2016.
The 2019 Lawsuit Climate Survey: Ranking the States is the 12th time The Harris Poll has conducted the survey since 2002 for the U.S. Chamber Institute for Legal Reform. The final results are based on interviews in-house general counsel, senior litigators or attorneys, and other senior executives at public and private companies with annual revenue of at least $100 million.
Read more about the survey here.
