Globe National Fire Insurance v. American Bonding & Casualty Co.

— I. The plaintiff herein was a depositor in the TJnion Trust & Savings Bank of Sioux City. The American Bonding & Casualty Company, issued to it its two insurance policies, or bonds, for $50,000 each, to insure such, deposits. These policies are known in the record as A and B, respectively. The American Bonding & Casualty .Company reinsured its risk in part with the following named companies, defendants- herein: Iowa Bonding & Casualty Company, .Southern Surety Company, National Surety Company, and American Surety Company.' The division of the risk on Policy A was as follows: Iowa Bonding &…