1999 PORSCHE 911 Steering Problems

I WAS DRIVING ON A 16 LANE MAJOR HIGHWAY IN TORONTO IN THE EXPRESS LANES AT 70 MPH. WITHOUT WARNING THE ENGINE LOST ALL POWER AND STALLED. THE CHECK ENGINE LIGHT WAS FLASHING. IT WAS DIFFICULT TO STOP SAFELY SINCE THE POWER STEERING AND POWER BRAKES WERE NOT FUNCTIONING WITH THE ENGINE STOPPED. IT WOULD NOT RESTART AND I WAS LUCKY TO CHANGE LANES IN HEAVY TRAFFIC AND PULL ONTO THE HARD SHOULDER OF THE ROAD. I WAS STUCK SITTING IN THE EXPRESS LANES BY A GUARD RAIL UNTIL A TOW TRUCK CAME, WHICH TOOK AN HOUR. AFTER TAKING IT TO THE PORSCHE DEALER IT WAS DIAGNOSED AS A IMS BEARING FAILURE THAT REQUIRED A NEW ENGINE. I WAS ALSO TOLD THIS BEARING IS A COMMON PROBLEM WITH THE 1997 TO 2008 WATER COOLED 911 AND BOXSTER PORSCHES WITH A 10 PERCENT FAILURE RATE TO DATE, AND THAT THEY WILL...