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In 1997, Alaska responded to its “reputation[] for unusually high punitive awards” by amending its punitive damages statute. Under the new Alaska “split-recovery” statute, 50% of all punitive damages awarded to civil plaintiffs is to be “deposited into the general fund of the state.” Fear of tort liability has long plagued American businesses. In recent years, however, the perception has been that “punitive damages are skyrocketing” and are “run[ning] wild.” Regardless of whether this perception is accurate, there can be no doubt that fears

Assessing the Practicality and Constitutionality of Alaska's Split-Recovery Punitive Damages Statute