More than 6500 insurance claims from the devastating February floods in Townsville are not finalised, and the Insurance Council of Australia (ICA) will host consultations in the north Queensland city this week to assist policyholders.

ICA figures show 6513 claims are open, out of 30,396 received. Some 520 claims have been denied, 713 are subject to internal dispute resolution and 142 are with external dispute resolution.

New claims are still coming in, with 200 received in the past month.

Losses from the event are estimated at $1.25 billion, with most claims for residential building damage, followed by contents and motor vehicle claims.

More than $800 million has already been delivered to the local economy through rebuilding and repair works, business interruption payments, provision of emergency accommodation and the use of local suppliers and tradespeople.

About 1800 local jobs are being supported through the industry’s response.

ICA says 75% of claims for residential buildings have been closed and almost 100% of vehicle claims are closed. Of 1556 critically damaged homes, 334 are still undergoing repairs.