20:35:05 EDT Wed 12 Mar 2025
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,750,474,379
Close 2025-02-05 C$ 82.25
Market Cap C$ 143,976,517,673
Recent Sedar Documents

Globe says Manulife, rivals hear FSRA reviewing PPNs

2025-02-06 07:57 ET - In the News

See In the News (C-MFC) Manulife Financial Corp

The Globe and Mail reports in its Thursday, Feb. 6, edition that Ontario's financial services regulator is reviewing health care professionals who sign preferential deals with auto insurers, amid concerns that insurers are directing car accident victims to specific service providers like physiotherapists. A triple bylined item in The Globe reports that the Financial Services Regulatory Authority of Ontario (FSRA) announced that as part of a new supervision plan for health service providers, it will start to conduct examinations of health services that participate in preferred provider networks. Also referred to as PPNs, these arrangements typically involve auto insurers providing a "recommended list" of health care providers for individuals to use for medical treatment or rehabilitation. PPNs came into the spotlight when Canada's largest insurer, Manulife Financial, and the country's largest grocery and pharmacy retailer, Loblaw, struck an exclusive PPN deal. After public backlash, the two companies backtracked on the agreement. The increased scrutiny on the issue, however, has led to calls for tighter regulation of PPNs across several sectors.

© 2025 Canjex Publishing Ltd. All rights reserved.