Watkins v. St. Paul Fire & Marine Ins. Co.

This appeal involves a coverage question growing out of an attorney's errors and omissions liability insurance policy.

John Marcus, a practicing attorney in the State of Alabama, represented appellant, Nell Watkins, in a personal injury action. Mrs. Watkins received a settlement in December 1975 of $100,000. Of this amount, she received $58,500 after deduction of expenses and attorney's fees.

Sometime prior to the settlement, Mrs. Watkins had discussed with Marcus her desire that he invest the settlement proceeds for her. Several investment opportunities were discussed culminating in an…