Straight from community suggestions, party loot has been implemented as of today's update. 

With party loot, killing dungeon bosses with friends is easier with loot automatically assigned when a boss dies.  Loot is also relevant to the player's class, meaning loot will be more meaningful.  It's tough work killing bosses, and it should be rewarded! 

Along with today's update were also changes to the following: 

1. Sunken Torturer health and damage reduced

2. Health potions are much more affordable

3. Quest and monster experience has been reduced slightly