That portion of a policy's premium that applies to the expired portion of the policy. Although insurance premiums are often paid in advance, insurers typically earn the premium at an even rate throughout the policy term. More Risk Finance and Captives Information from IRMI.
Explorer 1 became the first successfully launched satellite by the United States when it was sent to space on January 31, 1958. A quick response to the Soviet Union's launch of Sputnik 1, Explorer 1's success marked the beginning of the U.S. Space Age.
April 12 was already a huge day in space history twenty years before the launch of the first shuttle mission. On that day in 1961, Russian cosmonaut Yuri Gagarin (left, on the way to the launch pad) became the first human in space, making a 108-minute orbital flight in his Vostok 1 spacecraft. Newspapers like The Huntsville Times (right) trumpeted Gagarin's accomplishment.