TheĀ Samoa ObserverĀ reports that liquidation comes just months after the Samoa Central Bank said all six insurance companies in Samoa were increasingly well regulated and that solvency as a whole was strong.
Chan Mow and Company and Progressive Insurance have been in the middle of a Supreme Court battle over allegedly unsettled claims, that the newspaper understands relates to a fire that gutted the department store's Togafu'afu'a wholesale building.