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Insurance Lower - Company Awards -

21st Insurance Awards

Insurance Auto Auctions Named as Finalist for Computerworld Honors Program 21st Century Achievement Award in the Category of Finance, Insurance and Real Estate.


Insurance Auto Auctions, Inc. (Nasdaq:IAAI) has been named as a finalist for the coveted 21st Century Achievement Award from the Computerworld Honors Program for its visionary use of information technology in the Finance, Insurance and Real Estate category. Michael D. Capellas, Chief Executive Officer at MCI and member of the Chairmen's Committee, nominated IAA in recognition of its contributions to the global information technology revolution and its positive impact on society. The award honorees will be announced at a gala at the National Building Museum in Washington, D.C. on June 6, 2005.


Insurance Auto Auctions was one of 162 laureates selected by the program's Chairmen's Committee study from over 250 nominations to submit a case study that officially became part of the prestigious Computerworld Honors Collection this past April when the 2005 Collection was formally presented to the Global Archives. Of these 162 laureates, IAA is one of 48 finalists, in 10 categories, chosen by an academy of 30 distinguished judges to attend the June 6 event.


The award recognizes IAA's ingenuity in deploying an integrated wireless data and audio network throughout the Company's salvage centers. That same network made it possible for IAA to introduce I-bid LIVE(sm), the Company's live auction Internet bidding platform.