Mistakes: part two
By John Koski
In this conclusion of a two-part Risk Tip on the subject of mistakes, we look at what we can learn from mistakes.
Everyone knows about the 1912 sinking of Titanic, which resulted in 1,514 deaths among its 2,224 passengers and crew. A mistake or two can be found there, including the ship’s speed in an ice flow, single-hull construction, and only 20 lifeboats. Shipbuilders learned from these mistakes in Titanic‘s sister ship, Britannic, which was still being constructed when Titanic sank. A number of improvements were made before she was launched, including the addition of a double hull and a larger complement of 48 lifeboats.
Britannic needed them. In 1916, while in service as a hospital ship, Britannic hit a mine and sank even faster than her sister, becoming the largest ship lost during World War I. Due to the changes, 1,036 of the 1,066 passengers and crew of Britannic survived. One moral of this story is that it’s good to learn from past mistakes…
Click on the link below to read the rest of the Dentons briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Dentons
News from The Lawyer
Briefings from Dentons
The National Association of Insurance Commissioner’s Center for Insurance Policy and Research (CIPR) recently released the findings of its study on telematics-supported usage-based insurance.
Financial Regulatory Developments, 17 April: “Dear CEO” letters; Lending Code reviewed; £126m custody failings fine; and more
Also: compatibility of Solvency 2 with accounting principles; EU supervisory convergence; and more.
Analysis from The Lawyer
Life in Canada is getting harder for firms as commodities prices fall and work volumes slow
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all