The common moth Pyrrharctia isabella is known by different common names at its two main life stages. The adult is the Isabella Tiger Moth and the larva is called the Banded Woolly Bear. The larvae of many species of Arctiid

Arctiidae

Arctiidae is a large and diverse family of moths with around 11,000 species found all over the world, including 6,000 neotropical species. This family includes the groups commonly known as tiger moths , which usually have bright colours, footmen , lichen moths and wasp moths...

 moths are called "woolly bears" because of their long, thick, furlike seta

Seta

Seta is a biological term derived from the Latin word for "bristle". It refers to a number of different bristle- or hair-like structures on living organisms.-Animal setae:In zoology, most "setae" occur in invertebrates....

e (they are mostly spotted all black than they are as seen below). This species is black at both ends with a band of coppery red in the middle.