If you are not successful in reaching a settlement with an insurance company you may be forced to consider a lawsuit in court. The law provides what is called a ‘statute of limitations’, which simply means a time limit is set in respect of filing your claim. By definition statute of limitations “bars claims after a certain period of time passes after an injury.” And begins to run from “the date of the injury, the date the injury is discovered or the date on which it would have been discovered with reasonable efforts”. In the state of Alaska, the statute of limitations for personal injury claims is two (2) years.