THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Wednesday, May 10, 1995 TAG: 9505100575
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 22 lines
Trigon Blue Cross Blue Shield will consider changing from a mutual company owned by its policyholders to a public corporation owned by shareholders. The move, to be discussed at the company's annual meeting July 19, could raise as much as $1 billion in new capital. The company has not asked the Virginia Bureau of Insurance for permission to sell stock, but company officials have discussed the possibility with state regulators, said Peter Smith, the bureau's general counsel. Trigon provides health and hospital coverage for about a third of all Virginians. (AP) by CNB