These were very important domains. Without them, this $1 billion+ company immediately lost all of its ability to generate revenue. It was quite shocking.
The problem was discovered when users started getting the registrar’s landing pages rather than the company website pages. It was fixed relatively quickly once identified but do to DNS propagation took about 48 hours for complete resolution. During the window unrecoverable revenue well into the hundreds of thousands was lost.
It seems to me that a domain renewal is always a risk, even with a highly reliable registrar. A good defense is to limit the renewals for important domains by registering them for as long as possible (10 years). Even then you have a weak spot because your credit card will be expired by then so you should back that up with a calendar reminder a few months prior to renewal to make sure everything is set.