On this date in 1912, the luxury liner TITANIC sank in the North Atlantic Ocean after striking an iceberg. More than 1,500 people were killed in this sinking of the “unsinkable” ship. The event shook the industry and the regulators out of their complacency. Let us remember and not fall back into such a comfortable state that we quit forgetting that avoidable things are avoided through caution. (HK Law)