Yes. Though I bet the real lossage probabilities are dominated by failure events that take out a substantial fraction of all the objects there are, and that happen a lot more often than once per 10^11 years.
Similar deal for hard drive bit error rates, where the quoted average BER may not necessarily accurately represent what can happen in the real world. For example, an unrecoverable read error loses 4096 bits (512 byte sectors) or 32768 bits (4k sectors) all at once, rather than individual bits randomly flipped over a long period.