In Gustavson v. O'Brien (1979) 87 Wis. 2d 193, 274 N.W.2d 627, an attorney failed to assign a land contract to the entity that purchased insurance on the property. After a fire loss, the insurance company successfully defeated coverage by claiming that the entity that purchased insurance had no insurable interest in the property, while the entity that owned the land had no insurance. The attorney was held responsible for the fire loss in addition to the costs and expenses paid by the client.