Opinion: Multi-year lock

The statements that are beginning to flow from insurers and
reinsurers on how much they stand to lose from the 2017 catastrophe
events all generally strike a similar tone.
There will of course be an obligatory reference to the human
cost behind the financial toll, being ready to help pay claims,
etc, etc.
But amid the general solemnity, some carriers might allow an
element of smug self-congratulation to creep in on one point.
Anyone who has purchased significant multi-year cover...