The panel discussed litigation funding trends in the US, including legislative updates in multiple states and the impact of capped recovery amounts. Concerns were raised over social inflation, increased latency and aggregation trends. Lloyd’s highlighted a shift away from large carriers, with line sizes on US General Liability and Casualty treaties decreasing. Updates on the Core Data Record (Treaty) consultation were shared, along with progress from the Exposure Management Working Group. Members were reminded to remain vigilant around bad faith issues and the implications of presenting aggregates versus treaties.