An Act adjusting for inflation the limit for damages for losses that may be awarded for a personal injury or wrongful death.

Summary

The bill changes Alaska law so that the maximum monetary awards for personal injury or wrongful‑death cases are adjusted for inflation using the CPI since 1997. It sets new ceiling amounts based on a flat dollar limit or a calculation tied to the victim’s life expectancy, whichever is higher. This affects claimants, families, courts, and insurers by potentially raising the amount they can receive or be required to pay.

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