(1) There is a Safety-relief valve topic in the Chemical Engineers forum.
(2) Lots of stuff could still have gone wrong.
a. The outlet piping is usually not attached to the valve. Usually there is an elbow with a condensate pan on it, draining to a floor drain. The actual stack is suspended from the building structure. This allows for thermal expansion and ensures that there will be no condensate accumulated in the outlet side. Safety-relief valves also usually have a drain hole in the body, altho it is usually plugged.
b. Could have been any Murphy's law fluke, such as a casting flaw or a bad weld.
c. The reaction force on a SRV can be VERY high. Main steam safety valves, for example, are supplied with dual outlets to cancel reaction force, or at least installed alternately on the main steam header so the reaction vectors cancel. There have been cases involving tragic fatalities where Safety valves lifted and the reaction force ripped the header loose.