NU Online News Service, May 17, 1:13 p.m.EDT
|A lawsuit filed in Florida by professional wrestler Hulk Hoganwas thrown out of the ring by a judge this month.
|The lawsuit filed about a year ago in Pinellas County, Fla.,alleged insurance broker Wells Fargo Southeast did not inform thepopular entertainer, whose real name is Terry Bollea, of anadditional excess/umbrella policy to cover his assets. This leftBollea underinsured when his son, Nick, was in a 2007 automobileaccident that severely injured a passenger.
|Last November Bollea added his ex-wife Linda to the lawsuitbecause she was his business manager and allegedly had theresponsibility of attaining the right insurance for her thenhusband.
|Wells Fargo has said the lawsuit was without merit and that itmade several attempts to recommend coverage to Bollea’sex-wife.
|In August 2007 Bollea's son got into an accident and left thepassenger with a serious brain injury. The professional wrestlersigned for his son's driver's license, which exposed him toliability, but his insurance remained inadequate, the suitsays.
|Bollea settled claims against him related to the accident for anundisclosed amount, paying for some out of his pocket.
|Bollea used Wells Fargo as his insurance broker for about 10years and relied on the broker to tell him about additionalinsurance coverage to protect his worth, which was about $30million in August 2007, according to court documents.
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