Insurance Auto Auctions Appoints Philip B. Livingston to Board of Directors

SCHAUMBURG, Ill., April 10 -- Insurance Auto Auctions, Inc. , a leading provider of automotive salvage and claims processing services in the United States, today announced the appointment of Philip B. Livingston to the Company's Board of Directors. Livingston is the chief financial officer at World Wrestling Entertainment (WWE), and also serves on WWE's Board.

Prior to being named CFO at WWE, Livingston was the president and chief executive officer of Financial Executives International, a widely recognized organization for chief financial officers, controllers and treasurers. In that position, he had significant participation in the formulation and passage of the Sarbanes-Oxley Act of 2002.

"We are very pleased to welcome Philip to our Board of Directors," said Tom O'Brien, CEO of IAA. "He brings to the Board extensive financial expertise, a strong managerial background and a significant amount of experience developing corporate governance legislation. His background and expertise in these areas will be of significant value to IAA as we continue to make strides in the automotive salvage market."

Livingston has held several other financial positions, having served as CFO for Catalina Marketing Corporation and Celestial Seasonings. He has also held financial and accounting roles with Genentech, Inc. and Arthur Young and Company.

"Insurance Auto Auctions has taken positive steps toward improving its business over the past year, and I hope to help the Company build on that positive momentum going forward," said Livingston. "I am excited about this opportunity and look forward to representing shareholders, in addition to helping the company execute on its strategic objectives."

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 71 sites across the United States.

Safe Harbor Statement

Certain statements in this document contain forward-looking information that is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected, expressed, or implied by such forward-looking information. In some cases, you can identify forward looking statements by our use of words such as "may, will, should, anticipates, believes, expects, plans, future, intends, could, estimate, predict, projects, targeting, potential or contingent," the negative of these terms or other similar expressions. The Company's actual results could differ materially from those discussed or implied herein. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's annual report on Form 10-K for the fiscal year ended December 29, 2002 or subsequent quarterly reports. Among these risks are: fluctuations in the actual cash value of salvage vehicles; changes in the market value of salvage; the quality and quantity of inventory available from suppliers; the ability to pass through increased towing costs; that vehicle processing time will improve; legislative or regulatory acts; competition; the availability of suitable acquisition candidates and greenfield opportunities; the ability to bring new facilities to expected earnings targets; the dependence on key insurance company suppliers; the ability of the Company and its outside consultants to successfully complete the re-design of the Company's information systems, both in a timely manner and according to costs and operational specifications; and the level of energy and labor costs.

Additional information about Insurance Auto Auctions, Inc. is available on the World Wide Web at www.iaai.com .