EXHIBIT 15



LETTER RE:  UNAUDITED INTERIM FINANCIAL INFORMATION


The Midland Company:

We have made a review, in accordance with standards established by the American 
Institute of Certified Public Accountants, of the unaudited interim financial 
information of The Midland Company and subsidiaries for the periods ended June 
30, 1996 and 1995, as indicated in our report dated July 18, 1996; because we 
did not perform an audit, we expressed no opinion on that information.

We are aware that our report referred to above, which is included in your 
Quarterly Report on Form 10-Q for the quarter ended June 30, 1996, is 
incorporated by reference in Registration Statements No. 33-64821 on Form S-3 
and No. 33-48511 on Form S-8.

We are also aware that the aforementioned report, pursuant to Rule 436(c) under 
the Securities Act of 1933, is not considered a part of the Registration 
Statement prepared or certified by an accountant or a report prepared or 
certified by an accountant within the meaning of Sections 7 and 11 of that Act.





July 18, 1996
Deloitte & Touche, LLP
Cincinnati, Ohio