Don't I wish. Any insecticide must be able to penetrate the bark and still be effective. Nothing fits the bill at present, leaving only systemic treatment (expensive and must be applied repeatedly). And there is concern about killing non-target species.
All you woodpecker doubters, look here:
Woodpeckers on emerald ash borer ash trees > IPM - Crop Advisory Team Alerts - Landscape > MSU Landscape Alert newsletter
You all owe me rep.
Never underestimate the power of woodpeckers - just ask someone with unpainted wood siding on their house.
Very intersting link, thanks for sharing, but I will reserve my rep until I hear from the expert, aka State Entomologist. I will admit I have never seen woodpecker damage like that.