Maintenance for the week of November 18:
• PC/Mac: No maintenance – November 18
• ESO Store and Account System for maintenance – November 19, 9:00AM EST (14:00 UTC) - 6:00PM EST (23:00 UTC)
• PlayStation®: EU megaserver for maintenance – November 19, 23:00 UTC (6:00PM EST) - November 20, 17:00 UTC (12:00PM EST) https://forums.elderscrollsonline.com/en/discussion/668861
Loot bags? Is that new? It used to be only treasure chests.
For the chests, it basically bumps up the quality of items found by one level. White become green, green become blue, blue become purple, you get the idea. It also seems to give more items per chest and a better chance to get set items.
It doesn't say loot bags anywhere. It will bump up chests a tier but I don't think it affects loot bags at all unless something has changed this update.