The panel approved the previous minutes and welcomed updates on membership expansion, including the addition of two organisations. Discussions covered market conditions, with softer trends noted in planning but optimism for growth in construction. Lloyd’s provided updates on claims data cleansing, risk codes and engagement with US markets. Challenges with lenders’ clauses, FAC certificates and period extension provisions were highlighted, with concerns over their increasing restrictiveness. The panel discussed access delays to sites, progress report requirements and recent claims, including California wildfires and crop damage. Updates from LEG and IMIA included a new piling clause and engineering fees discussions.