Hulk Hogan’s lawsuit against insurer now a federal case
TAMPA - Hulk Hogan’s lawsuit against his insurance company over a wreck involving his son has been transferred to federal court.
Hogan, whose real name is Terry Bollea, alleges that Wells Fargo Insurance failed to upgrade his coverage when his exposure to risk grew. That left Hogan inadequately insured when his teenage son, Nick Bollea, got into a wreck that grievously injured passenger John Graziano.
As a result, the lawsuit states, Hogan had to use some of his own money to settle out-of-court a lawsuit filed on behalf of Graziano.
The lawsuit was filed last month in Pinellas County state court. Wells Fargo transferred the case to U.S. District Court in Tampa on Friday.
Graziano suffered a severe brain injury when a car driven by Nick Bollea crashed into a palm tree in Clearwater on Aug. 26, 2007. Authorities said Bollea was racing with a friend.
Bollea served 166 days in jail after pleading no contest to reckless driving.
Hogan contends the insurance company collected tens of thousands of dollars in premiums from him and routinely promised to minimize his risk.
But the company never advised Hogan to up his insurance or buy an umbrella policy even though his risk increased each time “a teenage driver, a vehicle, a watercraft or a piece of real estate” was added to his policies, the lawsuit states.
Graziano’s medical bills and continuing care far exceeded the policy limits of $250,000 per person, the lawsuit states. With no additional insurance, Hogan’s then-fortune of roughly $30 million was unprotected.