Deflation threats & insurance premiums: a long, deep recession means greater cuts?

The property market has been hit hard by the current recession, and impacts of the decline have seen deflation reach new levels. Many assume that recovery is around the corner – but what will happen if prices continue to fall? In this fourth instalment of our international series of Thinkpieces, Vanessa Rossi and Nora Burghart of the think tank Chatham House explain the serious implications of a prolonged recession, focusing on how insurance premiums, in particular, might cave in to ongoing market pressure.[...]