A Maine insurance agency’s sign explaining that it was closed for Monday’s Juneteenth holiday spurred accusations of racism on social media and led two major insurance companies to break their ties to the agency.
On Monday, a Facebook user posted a photo of a sign taped to the door at the Harry E. Reed Insurance Agency in Millinocket, Maine. The sign read: "Juneteenth ∼ it’s whatever … We’re closed. Enjoy your fried chicken & collard greens.”
The poster commented, “The racism in Millinocket is real.”
As criticism of the sign spread on social media, people began posting negative reviews on the agency’s Yelp page, leading Yelp to disable posting to the page.
Meanwhile, NPR reported that insurers Progressive and Allstate both said they were cutting their ties to the agency.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
