Katrina, the personal cost

My worries about the effect on the US economy of Hurrican Katrina is further strengthened today by this story in today's Financial Times. It suggests that the uninsured losses in New Orleans coudl be between $65 billion and $85 billion.
If you want to hear a webcast debate on the prospects check this out... Martin Wolf and Michael Lind answer your questions on the political and economic impact of Hurricane Katrina on Monday, September 12 at 3pm BST.
Both the FT links are subscription only, but an online FT sub is available for about £6/month.