Adjusts the damage limits for personal injury and wrongful death claims in Alaska to account for inflation.

This bill adjusts the damage limits for personal injury and wrongful death claims in Alaska to account for inflation. It specifies that the Consumer Price Index for urban Alaska, compiled by the Bureau of Labor Statistics, will be used to adjust the limits. For severe permanent physical impairment or severe disfigurement, the maximum damages are set at $1,000,000 or the injured person's life expectancy in years multiplied by $25,000, whichever is greater.

Adjusts the damage limits for personal injury and wrongful death claims in Alaska to account for inflation.

This bill adjusts the damage limits for personal injury and wrongful death claims in Alaska to account for inflation. It specifies that the Consumer Price Index for urban Alaska, compiled by the Bureau of Labor Statistics, will be used to adjust the limits. For severe permanent physical impairment or severe disfigurement, the maximum damages are set at $1,000,000 or the injured person's life expectancy in years multiplied by $25,000, whichever is greater.