Founded in 1982, Insurance Auto Auctions is one of the leading providers of automotive and specialty salvage services in the United States, facilitates documents transfer and auction salvage vehicles. The company serves vehicle providers, as well as insurance and car rental companies. It offers several electronic management tools that connect vehicle providers to auction processes through the Internet. Insurance Auto Auctions assists insurance companies to mitigate expense and reduce claims cycle time. The company additionally provides salvage valuation solutions for a range of situations, such as owner retention, partial loss conversion, denied coverage and subrogation file closure. Its Specialty Division offers assistance with the sale of specialty salvage vehicles including heavy equipment, trucks, boats and special-interest automobiles.