Insurance

Cancer Society ‘astonished’ at move to delay law banning insurer penalties

Insurance Ireland claims plans for mandatory action will undermine ‘fairness’ in the market, while the Department of Finance stalled the bill which would have stopped survivors being penalised

Averil Power, chief executive of the Irish Cancer Society, described the attitude of Insurance Ireland to the right of cancer survivors not to be penalised by insurers once they were recovered for 15 years as ‘very strange’

The Irish Cancer Society has said it is “astonished” at efforts made by the lobby group Insurance Ireland to delay and deter planned legislation to stop insurance companies and banks from penalising cancer survivors.

It comes as the Business Post has learned that the government has stalled a Seanad bill from its own senators which would ensure that no individual would have to declare a cancer diagnosis to a financial institution once they had not ...