Hurricane Katrina Insurance
Katrina Insurance Claims Hearing: Mississippi AG Hood
$150 Billion tax relief. Why could’nt Congress help Hurricane Katrina victims with an amount like that?
Many homes were destroyed, while many insurance companies looked the other way. People were told if they returned they would be given help and a place to stay. Many people did return, only to find no help and now stranded in tents placed near the New Orleans City Hall. Don’t you think that if Congress could help with a $150 Billion tax relief package, that they could help those people to rebuild there homes and provide new living quarters, such as government assistance living? And then… the Attorney General should have stepped in and placed hefty fines in the real estate market for raising rental rates, that renters cannot afford. And no… the Hurricane Katrina reality will never go away until the much needed help is provided. Don’t you think that Congress should step up to the plate and provide some real assistance instead of placing a band aid on the problem?
Katrina was a natural disaster not caused by the government. The economic slowdown was caused by the governmnet when they took too much of OUR money in taxes. Obviously they realized this and are giving us OUR money back.
Insurance Auto Auctions Drives Record Returns for their clients
Insurance Auto Auctions, Inc., a leading provider of automotive salvage and processing services claim in the U.S., today announced record vehicle returns during the second quarter.
IAA dual bidding strategy has continued to drive the company's auctions more buyers than ever before, resulting in increased activity and higher vehicle returns for bids its insurance provider.
"Combining the feedback we've receive of our customers with our internal data, we believe that our vehicle returns were the highest in the industry during the quarter, which we feel is a direct Result of our dual bidding platform and improved levels of customer service, "said Tom O'Brien, CEO." On average, our return unit to more than $ 300 per compared to 2003, a much better return for our insurance company suppliers. Our live auctions, most of which feature Run & Drive (R) auction lanes, are supplemented with our ability to call state-of-the-art Internet, to provide our growing customer base and offer the flexibility to see on our cars in the near or over the Internet from anywhere in the world in a real environment. Enthusiastic buyer support of our auction model is clearly Internet seen from the increase in the participation of the buyers that we have seen, both at live auctions and over the Internet. By encouraging more buyers to platform come to our tender than ever, we believe that during the quarter, we were able to generate more bidding activity and the industry the highest returns in the vehicle. "
Commenting further on the company's website recent operating performance, "said O'Brien," We have not failed in May, a blow to the entire Organization since the close of the acquisition of Kelso & Company in late. The transaction has allowed us to even more customers to focus our time and energy on improving our Operations and service levels to our translating into much higher returns for our suppliers and higher profits for IAA. The company achieved a turnover from $ 71,900,000 in the second quarter, compared with $ 60.0 million for the same quarter of 2004. Gross profit margin improved to 26% in the second quarter, compared with 22% in the same quarter the previous year. We also continue to expand strategically during the quarter, especially in Jacksonville, Altoona and Charleston, providing IAA with a greater geographical Reach to the needs of our current and potential customers. In the future we will continue to grow target new strategic opportunities that our future Buyers Base maintain our momentum and generate significantly higher returns. "
S-4 filing: Insurance Auto Auctions also filed S-4 today that provides supplemental financial information provided on the outcome is. Please refer to the results of this document for additional financial information about the company and its quarterly.
About Insurance Auto Auctions, Inc.: Insurance Auto Auctions, Inc., founded in 1982 to rescue a leader in automotive total loss and specialty services in the United States, provides insurance companies to process cost effective, turnkey solutions and sell total-loss and theft of vehicles recovered. The company currently has 80 sites in the United States.
In addition, information about Insurance Auto Auctions is available on the World Wide Web at:
http://www.CarLackey.com
http://www.AutoLackey.com
http://www.RichLackey.com
Please help Hurricane Katrina Victoms below: Visit "Red Cross" by clicking the link below … http://www.redcross.org/
Victims of Hurricane Katrina try recovering from the massive storm, which still makes his way across the Mid-Atlantic States. American Red Cross volunteers have to deliver been sent to the worst affected Katrina destroyed hundreds of thousands of victims areas left homeless with critical necessities. Through a financial gift of Hurricane Relief 2005, the Red Cross can provide shelter, Food, counseling and other assistance to the needy. http://www.redcross.org