Evidence found that insects are possibly able to feel pain
phys.org
phys.org
What the article gets wrong, I believe, is the ethical dimension. I would make the argument that for an organism having nociceptors and pain responses is not enough to assume capacity for suffering as we know it (which granted is always a big caveat). I could write a program for a simple robot that shows a pain response. That's not enough.
The missing component here is a brain capable of suffering in a meaningful way. Personally, I suspect there is no convenient limit value for this as you go up the ladder of brain complexity. It's just one big muddy gradient. Where a person draws these lines is almost arbitrary: for example, I don't really care about the well-being of a moskito, but starting with spiders I feel increasingly guilty for not helping them when they're in trouble.
Also, I would be more surprised if they didn't feel pain. The game, in all living things, is to live long enough to reproduce, and sustaining damage to one's body is detrimental to this objective. Pain is there to keep us from sustaining damage. Thus, why shouldn't insects feel pain?
I would also like to know about physical pain vs. emotional (?) pain and/or fear in insects.
Also, Consider the Lobster: http://www.columbia.edu/~col8/lobsterarticle.pdf