Don,
I got a tool handle many years ago from Craft supply and a few days in sunny Florida and I found holes and wood dust by the handles. Nothing serious but a bit worrisome if they decided to get at some of my other wood, which really isn't a concern as most bugs, except termites, when they leave the wood are in adult form and are not going to harm other wood. If I find one that is a problem, like ants, I put the wood in a plastic bag and put it in the freezer for a few days. This gets most of them, but not all. I don't like using chemicals as turning and sanding can put the chemicals into the air for me to breath, but sometimes that's the only way. Fogging chemicals work the best as soaking in chemicals can mess up the wood color.