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Insurance Auto Auctions Announces the Opening of New Location

27 October 1998

Insurance Auto Auctions Announces the Opening of New Location

    SCHAUMBURG, Ill., Oct. 26 -- Insurance Auto Auctions, Inc.
today announced the opening of a new location in the San
Francisco Bay Area.  The new site doubles the current acreage in the Bay Area
for vehicle storage, service and auction capability.  James P. Alampi,
chairman, chief executive officer and president, said, "The opening of our new
Bay Point location is the direct result of our sales team adding significant
new business in Northern California.  We are operational as of today and are
excited to offer our customers this expansion in order to provide them
with the best in quality customer service."
    Founded in 1982, Insurance Auto Auctions, Inc. is the largest provider of
automotive and specialty salvage services in the United States, providing
insurance companies with cost-effective, turnkey solutions to process and sell
total-loss and recovered-theft vehicles, a $3 billion per year industry.  The
company currently has 49 auction sites across the United States.
    This press release contains forward-looking information that is subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected, expressed or implied by such forward-looking
information.  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, Form 10-K for the fiscal year ended December 31, 1997, or
subsequent quarterly reports.