The 10-year Treasury ended last week at 3.38 percent—below its recent high of 3.48 percent but still well above its November lows.
Equity prices pushed higher in the first week of the new year. Read more now.
Stephanie Griffin Joins Allen Insurance and Financial
Stephanie Griffin of Camden has joined Allen Insurance and Financial as a receptionist in the company’s Camden office.
A native of Appleton, Griffin is attending the University of Maine in Augusta, working toward a bachelor’s degree in public administration; in addition, she expects to earn a certificate in human resource management from UMA in December.
Customer service has been a focus throughout her working life, Griffin said, which makes her position at Allen Insurance and Financial a good fit.
“Meeting new people is the best part of my job,” she said. “In Camden, we are very lucky to have a variety of people from all over the world. It is always interesting to hear their stories. At work, I get to be a small part of so many people’s lives.”
Outside of work, Griffin enjoys spending time with her large extended family as well as spending time reading, baking and enjoying the Maine outdoors.
Weekly Market Update, Jan. 3, 2011
Equity markets, as measured by the S&P 500 Index, closed out the year with a nominal gain; the holiday week was characterized by low volumes. Read more now.
Weekly Market Update, Dec. 27, 2010
Equity markets gained ground on the holiday shortened week, with the S&P 500 Index gaining more than 1 percent. Read more now.
Weekly Market Update, Dec. 20, 2010

A “Santa Claus” rally brought modest gains to equity markets last week; the S&P 500 was up 0.31 percent. Read more now.
Weekly Market Update, Dec. 13, 2010
A surge last Friday pushed markets into decidedly positive territory, and most major indices gained more than 1 percent on the week. Read more now.
Allen Insurance and Financial Welcomes Theresa A. Kavanagh
Theresa A. Kavanagh of Owls Head has joined Allen Insurance and Financial as a group benefits associate.
Based in the company’s Chestnut Street office in Camden, Kavanagh will be working with Allen’s group benefit specialists to serve clients all over Maine.
A native of Vermilion, Ohio, Kavanagh is a graduate of Denison University, where she received a bachelor’s degree in mathematics. After college, she sailed along the eastern seaboard and in Europe and the Caribbean. She settled in the Midcoast nine years ago; she was previously administration director at VillageSoup.
Outside of work, Kavanagh splits her time between gardening and working with her husband John to convert the former City of Portland fireboat to a live-aboard cruiser.
“I am thrilled to join Allen Insurance and Financial and become part of a team of professional and well-respected community members,” she said.
L.S. Robinson of Southwest Harbor joins Allen Insurance and Financial
L.S. Robinson, the seven-person insurance agency in Southwest Harbor is now part of Allen Insurance and Financial.
The purchase was finalized Nov. 18. Terms were not disclosed. L.S. Robinson will continue to operate under that name. All L. S. Robinson employees are being retained.
The deal brings together two companies each with a long history of serving the insurance needs of Maine people.
Founded in Camden in 1866, Allen Insurance and Financial is an employee-owned company with offices in Camden, Rockland and Saco. L. S. Robinson was founded in 1932 by Lawrence Robinson, a well-known Mt. Desert Island businessman who saw the need to provide his community with insurance services.
“Allen Insurance and Financial is a great fit for us,” said Bruce Bicknell, president of L.S. Robinson. “We will be able to provide a wider and more complete array of services for our clients while maintaining our focus on the unique needs of each client.
Back row, from left, Sara Montgomery, senior vice president, Allen Insurance and Financial; Mike Dufour, vice president, Allen Insurance and Financial and Ken Salvatore, principal, L.S. Robinson, Co. Front row, from left, Bruce Bicknell, president, L.S. satellite maps . Robinson Co.; Gilbert Fifield, president, Allen Insurance and Financial and Brad Bicknell, principal, L.S. Robinson Co.
Weekly Market Update: Dec. 1, 2010
It was a quiet week for equity markets due to the Thanksgiving holiday. Large-cap stocks drifted lower in slow trading, while small-cap and technology stocks gained some ground. Read more now in this week’s Market Update.
Sherree Craig Recognized by International Society of Certified Employee Benefit Specialists
Sherree L. Craig, CEBS
Sherree L. Craig, CEBS, Insured Benefits Manager at Allen Insurance and Financial, has been awarded Fellowship standing in the International Society of Certified Employee Benefit Specialists for a two-year period.
Craig earned this distinction by successfully completing a national employee benefits continuing education exam developed by the Wharton School of the University of Pennsylvania.
The International Society of Certified Employee Benefit Specialists is an educational association dedicated to serving the professional development needs of those holding the Certified Employee Benefit Specialist designation. Craig earned her CEBS designation in 2004.
Craig is also a board member of the Maine Association of Health Underwriters and Rockland Rotary. Call Sherree at 230-5840.
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