The Iowa Insurance Hall of Fame will induct five new members during a ceremony scheduled for May 16 at Drake University. The professionals to be honored are Luther J. Hill Jr., retired executive vice president and general counsel to Equitable Life Insurance Company of Iowa.; Fred Schieck, retired director and vice chairman of EMC National Life Co.; and Russ Sporer, partner, NOEL Insurance Inc. Posthumous awards will be made to Gerard Nollen, former president of Bankers Life Co., and his brother, Henry Nollen, former chairman and CEO of Bankers Life. Reservations must be made by May 11 to Melissa Meiners at Melissa@iiaiowa.org.