The general insurance industry has now received 31,300 flood claims with an estimated insurable value of $1.2 billion, according to updated figures released today by the Insurance Council of Australia (ICA).

The figures cover claims from regional Queensland, Lockyer Valley, Toowoomba and Brisbane, and do not include large industrial and mining claims, the ICA said on Monday.

ICA members have reported that these figures represent approximately 76 per cent property claims and 24 per cent motor vehicle claims.

The Insurance Taskforce will continue to work closely with Queensland authorities in the recovery process.

Assessors continue to undertake onsite claims assessments for policyholders and emergency cash payments are being made available to those in need.

ICA chief executive Rob Whelan said, "The general insurance industry is working hard to assist policyholders during this devastating flood.

"Australia's robust regulatory framework ensures a competitive and financially secure insurance industry can meet the high number of claims associated with this disaster," he said.