Ran Conformance tests twice and didn't see the above error in the Kuryr controller log OSP - RHOS-16.2-RHEL-8-20220603.n.1 OCP 4.11.0-fc.0
No 'Exception occurred during creation of loadbalancer' was noticed in Octavia logs
Since the problem described in this bug report should be resolved in a recent advisory, it has been closed with a resolution of ERRATA. For information on the advisory (Release of components for Red Hat OpenStack Platform 16.2.3 (Train)), and where to find the updated files, follow the link below. If the solution does not work for you, open a new bug report. https://access.redhat.com/errata/RHBA-2022:4793