There is a fundamental tension in the cat bond market. Most investors want greater transparency in the bond structure; as a result, they often prefer parametric structures in which bonds are triggered by a physical or numerical index like wind speed. Issuers, on the other hand, tend to be more concerned with basis risk, the risk associated with imperfect hedging.
Many older barns and homes were sided with hemlock boards, but the wood is not as valuable as pine or spruce. No other plant in the province is as rich in tannin, and so hemlock bark was much in demand for tanning leather. Hemlock has a life expectancy of between 300-400 years. When large trees fall down, they take a long time to decompose and provide both nutrients and moisture to young seedlings.
Poison-hemlock is acutely toxic to people and animals, with symptoms appearing 20 minutes to three hours after ingestion. All parts of the plant are poisonous and even the dead canes remain toxic for up to three years. The amount of toxin varies and tends to be higher in sunny areas.