Insurance Auto Auctions Expands into Montana with Acquisition of Gardner's Insurance Auction

WESTCHESTER, Ill.--June 29, 2006--Insurance Auto Auctions, Inc., a leader in automotive total loss and specialty salvage services in the United States, today announced that the company has purchased the assets of Gardner's Insurance Auction in Missoula, Mont. The location is IAA's first in Montana and will service total-loss claims throughout the state of Montana and will support IAA's current Idaho coverage.

"We're pleased to now offer our services to vehicle providers with claims in Montana," said Tom O'Brien, CEO of IAA. "This acquisition complements our existing coverage in the Northwest and we look forward to working with both new and existing clients to improve services and generate higher returns."

The ten-acre site in Missoula will soon offer comprehensive IAA services, including I-bid LIVE(sm) Internet auctions, Run & Drive(R) and electronic auction management and reporting tools.

About Insurance Auto Auctions

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 91 sites across the United States.

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