Teleconference Alert: Insurance Auto Auctions First Quarter 2001 Earnings

    SCHAUMBURG, Ill., April 24 Insurance Auto Auctions, Inc. , will hold a conference call with
institutional investors, security analysts and other interested parties at
11:00 AM Eastern Daylight Time on Friday, May 11, 2001 to discuss its first
quarter results which will be released earlier that day.  Insurance Auto
Auctions' Chief Executive Officer, Thomas C. O'Brien and Chief Financial
Officer, Scott P. Pettit will co-host the call.

                    To participate by phone, please dial:

                         800-482-2239 or 303-224-6998

    Callers should ask to be connected to the Insurance Auto Auctions earnings
conference call.

    The call will also be broadcast over the Internet at http://www.streetfusion.com.

    * Please allow 15 minutes to register, download and install any necessary
      audio software.

    A replay will be available until midnight EDT on May 18, 2001.  To listen
to the replay, please dial: 800-696-1588 or 303-804-1727

    To listen to the replay, callers should enter conference reservation code
1018401 when prompted.

    About Insurance Auto Auctions, Inc.
    Insurance Auto Auctions, Inc., founded in 1982, a leader in automotive
total loss and specialty salvage services in the United States, provides
insurance companies with cost-effective, turnkey solutions to process and sell
total-loss and recovered-theft vehicles.  This is a $3 billion per year
industry.  The company currently has 58 auction sites across the United
States.

    For additional information regarding Insurance Auto Auctions free of
charge via fax, dial 1-800-PRO-INFO and use the company's stock symbol,
"IAAI."
    Additional information about Insurance Auto Auctions, Inc. is available on
the World Wide Web at http://www.iaai.com .

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