Hulk Hogan: My Insurance Co. Screwed Me
Posted 4/22/2010 7:04 AM by TMZ Staff
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Hulk Hogan has sued his insurance company, claiming it compromised his $30 million fortune in the near-fatal car crash caused by his son. According to the lawsuit, Wells Fargo Southeast — which provided insurance for the Hogan family — only paid $250,000 to John Graziano, who is severely disabled — the result of the Nick Hogan car crash. Hulk claims the $250,000 policy limit exposed him to personal liability in settling the case. Hulk’s beef — insurance company reps never advised him his policies needed to be reevaluated given that he had teenage drivers who posed a greater financial risk. Hulk’s lawsuit does not disclose how much he personally paid to settle with the Grazianos. Hulk is suing for unspecified damages.
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