What kind of red and black insect is in the photo?
This is a nymph of some species of Hemiptera, or true bug.

Specifically, this appears to be the nymph stage of a wheel bug (Arilus cristatus) or some other species in the family Reduviidae.



 Source: David Larson 



 Source: Debbie Roos 2005 

Here is a picture of an adult (with name-sake dorsal wheel):



 Source: Donald W. Hall 

You'll notice that the nymph is quite different looking:


  Nymphs have been described in detail by Readio (1927). Smaller nymphs are bright red with black marks. The last instar nymphs are darker. Nymphs lack the "wheel" or crest. For a diagnostic key to identify nymphs of the family Reduviidae to genus (including Arilus), see Fracker and Usinger (1949). [Source]. 



If you're truly interested in accurately  IDing to genus/species, you might check out Fracker &amp; Usinger 1949$^1$, Herring &amp; Ashlock 1971$^2$, or papers that cite their work. 


You can find more information about A. cristatus here. 



Citations:


Fracker S.B. &amp; Usinger, R.L. 1949. The generic identification of Nearctic reduviid nymphs (Hemiptera). Annals of the Entomological Society of America 42: 273-278.
Herring, J.L. &amp; Ashlock, P.D. 1971. A Key to the Nymphs of the Families of Hemiptera (Heteroptera) of America North of Mexico. Florida Entomologist 54: 207-212.