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February 14, 2016 3:42 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. 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.

Insurance Auto Auctions Expands Presence in the Baltimore Area with New Facility

Insurance Auto Auctions, Inc. (IAA) announced the opening of the IAA Dundalk facility in Maryland. The IAA Dundalk facility will enhance the company's presence in the greater Baltimore area by providing buyers and sellers with greater convenience and access to increased inventory. One of five locations in Maryland, the IAA Dundalk facility sits on nearly ten acres, and will provide expanded capacity for the growing Maryland marketplace. The IAA Dundalk facility is located at 8143 Beachwood Road.

Insurance Auto Auctions, Inc. Announces the Launch of a Newly Improved Buyer Registration Platform

Insurance Auto Auctions, Inc. announced the launch of a newly improved buyer registration platform. With the new mobile-friendly display, buyers from around the world can take part in an auction within 24 hours of registering and can complete the process online, without being required to fax or email documents. The platform's advances in efficiencies include instant upload for IDs and business licenses via scanned documents or digital images. As with all other IAA apps, the online process is built for mobility and compatible across all devices – computers, smartphones and tablets alike. IAA's Buyer Services provides assistance to buyers in English, Spanish, Arabic, Russian, French, German, Polish and Chinese. They also assist with registration, bidding, payment (accept wire transfers and process payments), vehicle pick up and more. They also help answer questions about buyer rules, auction policies and all web and mobile application issues.

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