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Updated at 7:47 am on 12 February 2011
Flood insurance claims to the value of $A2 billion have been lodged in Queenland, with the figure expected to rise.
The Insurance Council of Australia says the industry has now received more than 43,000 claims arising from the Queensland floods.
In the past 10 days, the value of claims lodged has jumped by almost a quarter - largely due to large commercial and mining claims coming in.
The ICA says more than three-quarters of these claims have been assessed.
Almost half of all claims are for residential properties, with 28% for household contents.
The ABC reports more than 50% of the claims are from Brisbane.
The ICA says more than $A200 million has been paid to policy holders so far.
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