EXHIBIT 15
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November 22, 2002


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 March
31, 2002 and 2001, June 30, 2002 and 2001 and September 30, 2002 and 2001 as
indicated in our reports dated April 11, 2002, July 17, 2002 and November 8,
2002, respectively; because we did not perform an audit, we expressed no opinion
on that information.

We are aware that our reports referred to above, which were included in your
Quarterly Report on Form 10-Q for the quarters ended March 31, 2002, June 30,
2002 and September 30, 2002 are incorporated by reference in this Registration
Statement on Form S-8.

We also are aware that the aforementioned reports, pursuant to Rule 436(c) under
the Securities Act of 1933, are 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