Hello, yes, that is a common issue.  The insect is called the Sequoia pitch moth and the larvae is a caterpillar of the moth.  Here is some information:  https://pnwhandbooks.org/insect/hort/landscape/hosts-pests-landscape-plants/pine-pinus-sequoia-pitch-moth

They refer to this document, https://pnwhandbooks.org/sites/pnwhandbooks/files/insect/horticultural-landscape-ornamental/content/pdf/pdfs/insect21-f-chemicalcontroloflandscapepests.pdf  and in Table 4 list Sequoia pitch moth under the "stem and twig borers" and these chemicals:

Around landscapes

pyrethroids
pyrethrins 

And restricted used chemicals (require licensed applicator)

acephate
chlorpyrifos
chlorantraniliprole
cyantraniliprole
emamectin benzoate

I would print out this Table 4 document and take it to a nursery or call professional applicators and see what they think. it could be expensive to do.

This publication: https://www.fs.usda.gov/Internet/FSE_DOCUMENTS/fseprd560614.pdf is also very good, but says there are currently no pesticides registered for control of this insect.  Not sure how to reconcile that.

Finally, I went to the Univ California website: http://ipm.ucanr.edu/PMG/PESTNOTES/pn7479.html

This is very helpful one, and they say, "Insecticide applications have been found not to be effective for pitch moths."

So, it appears there are no good insecticides to control this insect.  

It would be up to you to determine whether you would like to try one of those recommended in the PNW Insect Management Handbook.  Perhaps based on cost and what the applicators/arborist thinks.

I hope this is helpful