Hallmark General Insurance Company Ltd (trading as Latitude Insurance) will refund approximately A$1.1 million to 905 customers after it mis-sold consumer credit insurance with Latitude personal loans and incorrectly denied claims on CCI policies sold with Latitude and other credit cards. CCI is an add-on insurance to meet consumer's loan contract repayments if they die, suffer a traumatic illness, or become disabled or unemployed. Latitude Insurance identified and reported to ASIC that between October 2011 and June 2014, it sold involuntary unemployment insurance to personal loan customers who were ineligible to claim because they did not work the required minimum 20 hours per week. Previous ASIC outcomes in relation to CCI include requiring Commonwealth Bank to refund over A$10 million for mis-sold consumer credit insurance in August.  The Australian Bureau of Statistics has provided detailed labour market figures for the major sectors. Analysis from Ryan Felsman, senior economist at CommSec, shows that in the three months to November 2017, the sectors where the number of jobs fell the most were manufacturing (down 22,900), health care and social assistance (down 8,700) and wholesale trade (down 8,400). In relative terms, financial and insurance services suffered the fourth largest drop in numbers, down 7.7 per cent on the previous quarter. Six sectors have shed jobs in the past year: manufacturing (down 84,000, largely on the back of the motor vehicle industry closures), administrative and support services (down 29,000), public administration and safety (down 27,200), financial and insurance services (down 15,100), mining (down 5,100) and information, media and telecommunications (down 2,100). China Construction Bank has been registered to provide banking services in New Zealand. The Reserve Bank of New Zealand said CCB, which is incorporated in China, would operate in in New Zealand as a branch. (A New Zealand subsidiary of the CCB Corporation has already been registered to provide banking services in New Zealand since 2014). The announcement brings the number of registered banks in New Zealand to 25.