IAA Announces Exclusive Agreement with NASCAR Further Expanding Capacity for Catastrophe Services
IAA, Inc. (IAA)
Last iaa, inc. earnings: 3/18 06:35 am
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Source: Business Wire
Agreement Brings IAA Total Catastrophe Capacity to Over 4,000 Acres, Representing the Industry’s Most Expansive Catastrophe Footprint WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, and NASCAR Enterprises, LLC., announce an exclusive agreement that further increases IAA’s expansive catastrophe capacity footprint. The agreement expands an already long-term relationship between the two organizations, enabling IAA to leverage NASCAR facilities for total loss vehicle storage after a catastrophe. In addition to the company’s other catastrophe acreage, the 14 NASCAR properties included in the agreement are part of IAA’s total catastrophe capacity in the U.S. of over 4,000 acres – the most expansive catastrophe footprint in the industry.During catastrophic weather events, there is a rapid increase in insurance vehicle claim volume. The proximity of storage yards to the event and their safe accessibility by insu
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