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Letter to the Editor

Insurance Auto Auctions Announces Greenfield Facility in East Windsor, Connecticut

SCHAUMBURG, Ill. -- Insurance Auto Auctions, Inc. (Nasdaq: IAAI - news), a leading provider of automotive salvage and claims processing services in the United States, today announced the opening of a new greenfield facility in East Windsor, Connecticut, serving Hartford and the entire state of Connecticut. The new location enables IAA to offer customers additional regional coverage in neighboring states as well. The new Hartford facility will strengthen IAA's geographic coverage in the region where existing facilities currently operate in Massachusetts, New York, New Jersey, and Pennsylvania.

"Expansion into Connecticut will offer our vehicle providers improved regional coverage and a more consistent service," commented Tom O'Brien, Chief Executive Officer. "With the addition of the Hartford branch, our customers have the ability to consolidate their total-loss vehicles with a single salvage vendor within the region. Going forward, we will continue to seek other growth opportunities that complement our existing operations."

Insurance Auto Auctions, Inc., founded in 1982, an 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 59 sites across the United States.

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