Home Indemnity Co. v. State Bank

The Brady Company, with its headquarters at Fort Dodge, Iowa, conducts an extensive motor-freight business. The policy of the Indemnity Company insured the Brady Company and also the Fort Dodge National Bank, in which the former carried its checking account against which all checks in controversy were drawn, against losses sustained by either because of “forgery or alteration of, on, or in any check * * * made or drawn by, or drawn upon or as a direction to the Insured [Brady Co.] * * * including (a) Any cheek made or drawn in the name of the Insured, payable to a fictitious payee and…