I have never heard of such a failure.
I have seen a half dozen such failures now, all caused by running 25.4mm OD handlebars in 26.0mm ID stems. That 0.6mm is enough to overstress the clamp (the stem itself doesn't fail because there is more metal behind it) when it develops microfractures as it is tightened to a smaller radii. Under a 30x microscope, I have seen these microfractures in my "autopsies" After. They are worse if the stem face clamp is anodized, because the anodizing amounts to a hard shell, sort of like a case-hardening, that is more brittle than the softer unanodized alumunum beneath. The center of the clamp is not only generally thinnest (due to the forging or casting process of that part...in your case, reinforced in the middle but a stress riser on each side) but also under great stress if there is a mismatch.
Like George (mickeg), I prefer to use stems with 4-bolt faceplates. They provide more even clamping and a bit of a safety margin in case of fracture -- the bars would likely still remain attached to one of the clamps. If you use a 4-bolt stem, be sure to torque the fasteners to spec in a cross pattern and -- yes -- use a torque wrench. If the 4-bolt design is clamped unevenly, it loses any advantage over the 2-bolt version.
I always check my stem clamp and handlebar clamp diameters with a digital micrometer. Sometimes, even parts marked to match have enough variance to prevent full, even clamping. When I find that sort of mismatch, I return either part in search of a better match or simply shrug and put away the part with greater variance in the hope I'll find a better match someday. I have also milled 25.4mm ID stems (in my case Sakae Ringyo Super Apex quill) to match the OD of 26.0 handlebar clamps (Nitto B136). No problems (with 45,000+km on one bike) so long as the milling is concentric and true.
Yes, Andy...I do know that hill(!)
and you were lucky to get out of it as you did, uninjured. You have excellent riding form and are a skilled rider and I think -- especially on that road, on that hill, with that sort of failure -- you can thank those skills in large part for your recovery and avoiding a full-on spill. Well done! So glad you weren't hurt, as a spill there would not be good!
All the best,
Dan.