Insurance Auto Auctions Unveils Q4 Results

Insurance Auto Auctions, Inc. (Nasdaq: IAAI – News), 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.