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.
On April 12, 1961â55 years ago todayâRussian cosmonaut Yuri Gagarin launched into the great beyond, becoming the first human in space. When he came back to Earth, Gagarin was looked upon as not just a hero, but the very embodiment of the Soviet Union's power. Streets were named after him. Monuments were erected.