The British Insurance Brokers' Association (BIBA) has issued a warning to consumers not to be blinded by the headline quote on insurance price comparison websites.

In a statement, it says that although quotes may be cheaper the policy may not adequately cover their requirements.

Research it has undertaken reveals a worrying picture of consumer confusion when visiting the sites - only six per cent said they had the details of the insurance cover fully explained.

Eric Galbraith, BIBA chief executive, said current FSA rules were put in place before the large-scale expansion of aggregator sites and he thought it was time the regulator took another long hard look at the rules governing them to see that they were "appropriate".

"There are still too many people logging on, and making a decision solely based on the price of a policy, rather than the protections it offers them and potentially buying an inappropriate policy," he said.

He concluded by saying that BIBA would welcome a debate with price comparison websites and the FSA "to find a suitable solution to this problem".

Brokers need to take on board new risk management guidelines offering advice on using tower cranes safely, Allianz Engineering has claimed.The insurer has made these comments in light of a number of f...

The number of employment-related calls made to Allianz's Lawphone helpline has increased by 24 per cent since July.David Vine of Allianz Legal Protection said: "We were hearing of an average of o...

Price comparison site Gocompare.com, which allows consumers to evaluate different products on the market, such as car and home insurance, has been given membership to the British Insurance Brokers' As...