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                                   EXHIBIT 24





                               POWERS OF ATTORNEY


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                               POWERS OF ATTORNEY

     Know All Men By These Presents, that each person whose signature appears
below constitutes and appoints Gary W. Miller and James Kirschner, or either of
them, his true and lawful attorneys-in-fact and agents, with full power of
substitution and resubstitution, for him and in his name, place and stead, in
any and all capacities noted below to sign the Baldwin & Lyons, Inc. Annual
Report on Form 10-K for the fiscal year ended December 31, 1997, and any and all
amendments thereto, required to be filed pursuant to the requirements of
Sections 12(g), 13, or 15(d) of the Securities and Exchange Act of 1934, as
amended, granting unto each of said attorneys-in-fact and agents, full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in and about the premises, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that each of
said attorneys-in-fact and agents, or his substitute, may lawfully do or cause
to be done by virtue hereof.

     SIGNATURE AND TITLE                          DATED:


/s/ Gary W. Miller                           March 20, 1998
- -----------------------------------          --------------------
Gary W. Miller, Chairman
of the Board
(Principal Executive Officer)

/s/ G. Patrick Corydon                       February 27, 1998
- -----------------------------------          --------------------
G. Patrick Corydon, Vice
President (Finance) and Treasurer
(Principal Financial and Accounting
Officer)

/s/ Joseph DeVito                            February 27, 1998
- -----------------------------------          --------------------
Joseph DeVito, Director and
Vice President

/s/ James W. Good                            February 27, 1998
- -----------------------------------          --------------------
James Good, Director and
Vice President

/s/ Stuart D. Bilton                         February 3, 1998
- -----------------------------------          --------------------
Stuart D. Bilton, Director

/s/ Otto N. Frenzel, III                     February 3, 1998
- -----------------------------------          --------------------
Otto N. Frenzel, III, Director

/s/ Nathan Shapiro                           February 3, 1998
- -----------------------------------          --------------------
Nathan Shapiro, Director

/s/ Norton Shapiro                           February 3, 1998
- -----------------------------------          --------------------
Norton Shapiro, Director

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                         Powers of Attorney (continued)



/s/ L. Leslie Waters, Ph.D                   February 3, 1998
- -----------------------------------          --------------------
L. Leslie Waters, Ph.D., Director

/s/ John D. Weil                             February 3, 1998
- -----------------------------------          --------------------
John D. Weil, Director

/s/ Robert Shapiro                           February 3, 1998
- -----------------------------------          --------------------
Robert Shapiro, Director

/s/ John Pigott                              February 3, 1998
- -----------------------------------          --------------------
John Pigott, Director

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