Insurance Auto Auctions

Insurance Auto Auctions Inc. provides salvage processing solutions to the insurance companies and other vehicle suppliers in the United States. The company provides auction solutions for the redistribution of damaged vehicles, recovered stolen vehicles, and other salvage vehicles principally on a consignment basis or purchase method. It offers I-bid LIVE, a live auction Internet bidding solution; CSA Today system, which enables insurance company suppliers to enter vehicle data electronically and then track and manage the progress of salvage vehicles; BidFast service that provides insurers with binding bids for salvage vehicles that historically may have been owner-retained; FastTrack, a total-loss appraisal service, which identifies, appraises, and moves probable total-loss vehicles; and FastTow service that provides towing services. The company also offers its vehicle suppliers a national salvage network that allows an insurance company supplier to consign its salvage vehicles to a call center; and salvage services for specialty vehicles, such as trucks, heavy equipment, farm equipment, boats, recreational vehicles, and cars. In addition, Insurance Auto Auctions provides certain insurance company suppliers with anti-theft fraud control programs for vehicle salvage processing. The company was founded in 1982. It was formerly known as Los Angeles Auto Salvage, Inc. and changed its name to Insurance Auto Auctions, Inc. in 1991. Insurance Auto Auctions is based in Westchester, Illinois. Insurance Auto Auctions Inc. operates as a subsidiary of Axle Holdings, Inc.


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