WASHINGTON–A joint committee hearing next month will examine the need for a permanent federal backstop for major terrorism insurance losses.

The decision to hold a session of the House Financial Services Committee's Oversight & Investigations Subcommittee and Homeland Security Committees Intelligence, Information Sharing and Terrorism Risk Assessment Subcommittee comes after pressure from insurance interests.

Plans for a hearing were disclosed by an insurance company lobbyist as the Risk and Insurance Management Society was meeting here.

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