Climate volatility, AI-driven liability, and accelerating social inflation are all pressuring underwriting assumptions. But which of these risks will materially reshape carrier strategy first? This session examines how insurers are stress-testing portfolios against climate litigation exposure, AI product liability claims, and jury-driven loss severity. What capital adjustments are being made? Where are carriers already retreating? And how should strategy teams prioritize response? This conversation moves beyond trend talk and into concrete exposure management decisions.