May 03, 2016 5:26 AM ET

Commercial Services and Supplies

Company Overview of Insurance Auto Auctions, Inc.

Company Overview

Insurance Auto Auctions, Inc. provides live and live-online auto auction services in North America and internationally. The company engages in facilitating the sale of total loss vehicles; and remarketing lightly damaged, high mileage vehicles for dealers, fleet lease companies, rental companies, and financial institutions. It also provides services for selling agriculture equipment, construction equipment, emergency equipment, forestry equipment, fleet trucks, heavy trucks and trailers, material handling equipment, marine vehicles, and RVs; services for non-profit organizations to process and sell donated vehicles as a source of funding; and resources for charity vehicle donation programs. ...

Two Westbrook Corporate Center

Suite 500

Westchester, IL 60154

United States

Founded in 1982

1,161 Employees

Phone:

708-492-7000

Fax:

708-492-7078

Key Executives for Insurance Auto Auctions, Inc.

Chief Executive Officer and President
Age: 51
Senior Vice President of Finance
Chairman, Member of Compensation Committee, Chairman of KAR AUCTION SERVICES INC, Chairman of KAR Holdings Inc and Chief Executive Officer of KAR Holdings Inc
Age: 55
Director, Member of Compensation Committee, Chief Executive Officer of ADESA Auctions, Chief Executive Officer of KAR AUCTION SERVICES INC and President of ADESA Auctions
Age: 62
Chief Client Officer and Senior Vice President
Age: 66
Compensation as of Fiscal Year 2015.

Insurance Auto Auctions, Inc. Key Developments

Insurance Auto Auctions, Inc. Launches Title Procurement Dashboard

Insurance Auto Auctions, Inc. recently announced the launch of its Title Procurement Dashboard, a new feature within IAA's online vehicle inventory management and analysis tool, CSAToday. The Title Procurement Dashboard is the latest innovation in the IAA Total Loss Solutions suite of products that directly impacts the opportunity to improve customer satisfaction and more effectively manage costs during the total loss claims process. The new dashboard feature improves the management of the title-procurement process and provides IAA Title Services™ customers with enhanced visibility of document status, enabling total loss claims to be settled more efficiently. Through the Title Procurement Dashboard, customers are able to identify where they have delays or problems, and to address those individual files that are falling behind timeline targets for loss to claim settlement. This convenient feature not only simplifies the title procurement process, but can also reduce total loss claims cycle time.

Insurance Auto Auctions, Inc. Opens Louisville North Branch in Eminence, Kentucky

Insurance Auto Auctions, Inc. (IAA) held a grand opening February 22 marking its newest location, the IAA Louisville North branch in Eminence, Kentucky. The opening further demonstrates IAA's commitment to its customers through continued expansion in the region which is a growing marketplace for IAA buyers and sellers. The IAA Louisville North location includes a 9,000-square-foot, facility that sits on 30 acres of land, leaving the branch ample room for future growth.

Insurance Auto Auctions, Inc. Opens First Phase of its New Edmonton Area Facility in Acheson, AB

Impact Auto Auctions Ltd. announced the opening of the first phase of its new Edmonton area facility, located at 26419 Twp. Road 525A in Acheson, AB. The company has begun to direct all Edmonton area assignments and Early Tow and Appraisal (ETA) Vehicles to the site, where business operations will be housed in temporary office units until construction on its 12,500 square foot main building is completed later 2016. The facility will hold its first auction on February 8, 2016.

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