Insurance Auto Auctions Announces Fourth Quarter and Year-End 2002 Earnings Conference Call

    SCHAUMBURG, Ill., Feb. 21 -- Insurance Auto Auctions, Inc. , a leading provider of automotive
salvage and claims processing services in the United States, will hold a
conference call with institutional investors, security analysts and other
interested parties at 11:00 AM Eastern Standard Time on Friday, February 28,
2003 to discuss its fourth quarter and year-end 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:
            877-307-4802

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

    A replay will be available until midnight EST on March 7, 2003.  To listen
to the replay, please dial:
            800-642-1687

    To listen to the replay, callers should enter conference reservation code
8494936 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.  The Company currently has 69 sites
across the United States.
    Additional information about Insurance Auto Auctions, Inc. is available on
the World Wide Web at http://www.iaai.com .