It might have been a bad tire or it might just have been an *old* tire. Tire compound deteriorates over time whether it's being ridden or not. It's a year old to you, but how long since it was manufactured? Some brands have a date code the way motor vehicle tires have to. I'm not sure about Michelins.
Depending on your weight and the condition of your road, you might be able to get away with slightly lower tire pressure, but 115 certainly isn't enough to make the bead separate. I'd guess it would take more like 150 to do that, *way* over recommended pressure. I've had it happen, but that was when I was a kid and filled my tires with the gas station compressor without a gauge, then parked the bike in the hot sun all day.
Speed comes from what you put behind you. - Judi Ketteler