It is definitely well known in the insurance industry. Companies are hesitant to expand into the state of LA because of the high risk of litigation. Doing business there effectively requires being able to model the risk of litigation in addition to hurricane/wind/storm loss. Both are tough problems to solve to have to be a top insurer - as in being able to price according to risk better than competitors that use “broad strokes” in the direction of higher premiums regardless of risk.