A high quality properly installed through hull will seldom if ever fail and flood. The failure mode for the valves, ball or seacock valves, is to seize either open or closed. This is particularly an issue with the old style cone seacocks. What can fail is the hose attached tot he seacock.
Improperly installed through hull can fail, had a through hull failure this fall. I didn't see it, however from the description I believe it was an improperly installed through hull. Some DIYers and some boat builders have been known to install the through hull and then just attach a valve to the through hull fitting and not a proper flanged seacock. The through hull fitting itself is pretty weak. The wall diameter is thin and when threads are cut in, it becomes thinner. Stepping on these through hulls or trying to move a sticky valve and bend and fracture the throughout. I believe this is what happened to my friend. A proper flanged seacocks will bury the tube inside the seacock and the flange which is secured to the hull will prevent the tail piece from bending and cracking.
With all that said, take a look at the BoatUS Insurance site, they sometimes provide this kind of information.