Insurance Auto Auctions Announces Fourth Quarter and Year-End 2003 Earnings Conference Call

SCHAUMBURG, Ill., Feb. 23, 2004 -- 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 27, 2004 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 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 5, 2004. To listen to the replay, please dial:

800-642-1687

To listen to the replay, callers should enter conference reservation code 5412994 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 75 sites across the United States.

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