Exhibit 15

July 17, 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 and June 30, 2002 and 2001, as indicated in our reports dated
April 11, 2002 and July 17, 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 and June 30,
2002, are incorporated by reference in this Registration Statement on Form S-3.

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

Cincinnati, Ohio