Shock Loss definition
Shock Loss. - Shock Loss shall mean a loss emanating from Terrorism/Terrorist Activity, Property Catastrophe Loss, Workers' Compensation Catastrophe Loss and Large Property Per Risk Ultimate Net Loss and includes all loss emanating from GEF - London and GEF - Copenhagen, which is deemed Shock Loss for this coverage.
Shock Loss means a catastrophic loss so large that it has a material effect on the Port Authority’s financials.