EXHIBIT 
                                                                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, 1998 and 1997, as indicated in our report dated July 16, 1998;
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, 1998, 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.


s/Deloitte & Touche LLP
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Deloitte & Touche LLP
Cincinnati, Ohio

July 16, 1998