The following is a new article from TMZ.com:
Hulk Hogan: My Insurance Co. Screwed Me
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.