WESTCHESTER, Ill./ Aug. 7, 2017 (StlRealEstate.News) — Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (NYSE: KAR), and the leading live and live-online salvage auto auction company, today announced it has secured 22 real estate locations in ten states to prepare for the weather event season and potential catastrophic events.
“Strategically expanding our presence helps meet demands for catastrophe (CAT) services in areas where our customers will most urgently need it,” said John Kett, CEO and president, Insurance Auto Auctions, Inc. “We know that being prepared means being proactive, not reactive. And our experience in successfully navigating severe weather situations, such as Hurricane Matthew and the Louisiana flooding, fuels our proactive approach to CAT operation preparedness.”
The IAA CAT Team is a full spectrum catastrophe service that operates on scene using the company’s resources to recover the influx of total loss vehicles. The IAA CAT team has been in operation for over 30 years. Through consistent development in catastrophic prone locations, IAA is able to provide additional acreage for day-to-day seller storage and to maintain reserve storage for acute inventory increases. IAA’s strategic preparation and coordination allow for a timely response and speedy recovery in the aftermath of a major catastrophe, further showcasing the company’s continuous dedication to its customers.
“We want our customers and communities to know that IAA will be there when disaster strikes,” said Kett. “We embrace this responsibility – it’s part of who we are. And with this additional land, we’re able to deliver more support faster than ever.”
The IAA CAT-related expansions announced today include the following 22 locations: Burbank, CA; Miami, FL; Orlando, FL (two locations); Pensacola, FL; Tallahassee, FL; Tampa, FL (two locations); Savannah, GA; Tifton, GA; Baton Rouge, LA (two locations); Lafayette, LA (two locations); Medford, MN; Moss Point, MS; Englishtown, NJ; Long Island, NY; Charleston, SC; and Houston, TX (three locations).
For four decades, IAA has been dedicated to meeting and exceeding the needs of its global clients and giving back to the communities in which it operates. This philosophy of giving provides IAA’s more than 2,800 team members with opportunities to volunteer, mentor and financially support multiple global, national, and local charitable causes. This commitment is also reflected in IAA’s National Vehicle Donation division that, since 1994, has assisted not-for-profit organizations monetize donated vehicles to fund and support their missions.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions (IAA)’s unique live and live-online salvage vehicle auction platform is part of an end-to-end remarketing solution providing global buyers opportunities to bid on and purchase total loss, donated, higher mileage, and clean-title vehicles. IAA is a business unit of KAR Auction Services (NYSE: KAR), a FORTUNE 1000 global auto remarketing and technology services company. Utilizing cutting-edge technology, IAA’s model enables insurance companies, fleet and rental companies, banks, and the general public to simultaneously participate in multiple auctions online and in-person. Headquartered in Westchester, Illinois, IAA has over 2,800 employees and mAbout KAR Auction Services
KAR Auction Services
(NYSE: KAR) provides sellers and buyers across the global wholesale used-vehicle industry with innovative, technology-driven remarketing solutions. KAR’s unique end-to-end platform supports whole car, salvage, financing, logistics and other ancillary and related services, including the sale of more than 5 million units valued at over $40 billion through our auctions. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in 110 countries. Headquartered in Carmel, Indiana, KAR has approximately 17,400 employees across the United States, Canada, Mexico and the United Kingdom. www.karauctionservices.com.
SOURCE: Insurance Auto Auctions, Inc.