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 condensed interim
financial information of The Midland Company and subsidiaries for the periods
ended March 31, 2004 and 2003, as indicated in our report dated May 3, 2004;
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 March 31, 2004, is
incorporated by reference in Registration Statements No. 33-64821 and 333-109867
on Form S-3 and Nos. 33-48511, 333-40560 and 333-101390 on Form S-8.

We also are 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.

Deloitte & Touche LLP
Cincinnati, Ohio

May 3, 2004