The Panel discussed large verdicts and social inflation. Sabrina Miesowitz, Lloyd’s US General Counsel would be holding a market briefing on 26th February to include tort reform developments and emerging litigation trends. Members reiterated concerns around broker transparency on large loss disclosures and agreed to maintain a watching brief. Single‑use plastics were confirmed as a 2026 priority, with a working group established to develop clear definitions. Developments in highly processed food litigation were discussed as an emerging trend. The Panel noted AI‑related exposures, following the publication of the LMA AI loss scenarios report. The new ISO war exclusion was discussed, including potential issues around cyber definitions and alignment with English and US law. Claims updates highlighted trends in silicosis, product liability risks linked to suncream testing, and US psychological harm claims associated with online platforms