An Act adjusting for inflation the limit for damages for losses that may be awarded for a personal injury or wrongful death.
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill adjusts the maximum amount of damages awarded in Alaska for personal injuries and wrongful deaths to account for inflation. It modifies existing law to update the current damage cap, which was last set in 1997. The bill establishes a tiered system for calculating damages, considering both the injured person's life expectancy and the severity of their physical impairment. Damages will be adjusted annually based on changes in the Consumer Price Index.
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