It has been mentioned in this thread that insulation stress increases with cable length. That is true, up to a certain limit. The stress is then reduced as cable length increases.
The reason is that, as long as the voltage front is being built up (not reached its maximum value), the reflected voltage at the motor terminals "steps on" a lower voltage than the maximum and the combined voltage (incoming plus reflected) will not reach its maximum possible value.
It is when the cable length corresponds to rise-time times wave velocity (usually 60 - 70 percent of speed of light) that you get the maximum voltage rise. It is usually something like 1.8 - 1.9 of the DC link voltage.
When cable gets longer, the voltage front gets dispersed and therefore does not cause the same high voltage. That means that voltage stress decreases when you get above a certain cable length. I think that would be an interesting fact to add to the thread.
page 4 has a graph (MOTOR PULSE WITHSTAND CHARACTERISTIC CURVES
PEAK VOLTAGE/RISE TIME) showing this for a set of risetime, peak voltage, cable lengths and other parameters. Good read!