Damnit, now I'm curious about this subject.
Here's are two old papers I found:
http://www.ncbi.nlm.nih.gov/entrez/query.fcgi?cmd=Retrieve&db=PubMed&list_uids=15999&dopt=Abstract
http://www.ncbi.nlm.nih.gov/entrez/query.fcgi?cmd=Retrieve&db=PubMed&list_uids=6247145&dopt=Citation
It doesn't answer whether this is the primary reason for increased catecholamine sensitivity but there seems to be a fair bit of literature suggesting a relationship between T3/T4 and beta-receptor expression.
I also found this on uptodate:
"In many tissues, hyperthyroidism is associated with an increased number of ß-adrenergic receptors [1]. The ensuing increase in ß-adrenergic activity is responsible for many of the symptoms associated with this disorder. It also explains the ability of ß-blockers to ameliorate rapidly many of the symptoms, including palpitations, tachycardia, tremulousness, anxiety, and heat intolerance [2]."
While I was looking this up I also learned that propranolol has an additional effect of blocking conversion of T4 to T3.