Insurance Auto Auctions Launches Out-of-State Title Processing Services in California


california (select to view enlarged photo)

WESTCHESTER, IL--November 7, 2012: Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. , today announced a new title processing capability for its vehicle providers in California. IAA is now able to process out-of-state titles in-house through a partnership forged with DealerTrak, an authorized Department of Motor Vehicles (DMV) provider. This will significantly reduce insurance providers' cycle times and overhead costs, while offering greater ease and convenience to their salvage handling teams.

“When it comes to the vehicle claims process, we work to understand the challenges our partners in the insurance industry face every day”

IAA is the first in the state to offer this service.

"When it comes to the vehicle claims process, we work to understand the challenges our partners in the insurance industry face every day," said Tom O'Brien, chief executive office at Insurance Auto Auctions, Inc. "Typically, processing titles for out-of-state vehicles can take up to 30 days on average. With this added capability, IAA is now able to process titles in just two to three days -- cutting the traditional processing time by an estimated 90 percent. This means vehicles spend less time at the salvage facility, potentially reducing the average depreciation for a vehicle. As a result, insurance companies could realize savings on vehicles that are deemed a total loss."

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/