As reported in the June 1 renewal report, the calculation of risk adjusted pricing is dependent on the method used to calculate the “risk.” RMS v9 provides a consistent measure of the level of risk from 2010 to 2011. However, to some extent, reinsurers also assessed the results of the new version of AIR and the new version of RMS in making their pricing decisions. Consistent with the Florida renewals, the change in risk adjusted pricing is flat when using AIR v12 and down 15 percent when using RMS v11 to measure the amount of risk the reinsurer is assuming for a given price. Unadjusted change in rate-on-line increased approximately 3 percent to 6 percent. Quoting behavior did not demonstrate the same level of deviation from renewal activity seen at June 1 with the Florida renewals. The range in the June and July non-Florida renewals from the average quote for a program was up approximately 5 percent to down 10 percent. This is very close to the overall average for the 2010 renewal season.