Is a manager or supervisor allowed to call you an insulting nickname and laugh?

About 4 months ago my then supervisor (now manager; she got ascended last month) caught me briefly giggling by myself. I was remembering a comedy from a movie. Ever since, she won't stop calling me ''Loca''. She doesn't greet me by my name.

Loca means crazy girl. She laughs whenever she says ''Loca how are you''? I don't like it at all. I have a name and it's not Loca. I haven't done nor said anything due to the difference in power but are they allowed to call you an insulting nickname you don't like?

Updates
11 mo
She calls me Loca in front of others too. When saying bye to everything, she says ''Bye Loca''. I hate it.
Is a manager or supervisor allowed to call you an insulting nickname and laugh?
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