Suncorp has moved its Townsville flood response into the rebuilding phase, as the insurer aims to complete all home assessments this month.

“Getting our customers back into their homes quickly is our No.1 priority,” CEO Michael Cameron said. “Our builders are working with hundreds of local trades and suppliers, and I’m reiterating to them the importance of their work in rebuilding not just people’s homes, but their lives.”

Suncorp has completed 98% of all motor claim assessments and 92% of commercial claim assessments, and paid out almost $50 million in contents claims.

Overall insured losses from last month’s floods have passed $1.04 billion.