Insurance Auto Auctions, Inc. (IAA) has secured 22 locations across 10 states in preparation of the storm season to better manage salvage inventory from potentially catastrophic events, according to a company announcement.
The company is expanding into California, Florida, Georgia, Louisiana, Minnesota, Mississippi, New Jersey, New York, South Carolina, and Texas.
IAA has secured over 500 acres of new land that it will use to provide additional acreage for day-to-day seller storage and to maintain reserve storage in the event of an extreme weather event.
“Strategically expanding our presence helps meet demands for catastrophe (CAT) services in areas where our customers will most urgently need it,” said John Kett, IAA's president and CEO. “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 operations preparedness.”
IAA’s CAT team operates on scene and uses the company’s resources to recover the influx of total loss vehicles in the event of a catastrophic event, such as a hurricane. It has been in operation for over 30 years.