HCFO-containing isocyanate-reactive compositions, foam-forming compositions containing such isocyanate-reactive compositions, rigid PUR-PIR foams made using such foam-forming compositions, and methods for producing such foams, including use of such foams as insulation in discontinuous foam panel applications. The isocyanate-reactive composition includes a polyol blend, a blowing agent composition, and a tertiary amine catalyst. The polyol blend includes: (1) an aromatic polyester polyol having a functionality of 1.5 to less than 2.5 and an OH number of 150 to 360 mg KOH/g; (2) an aromatic polyester polyol having a functionality of at least 2.5 and an OH number greater than 360 mg KOH/g, which is present in an amount of at least 10% by weight, based on the total weight of the aromatic polyester polyol in the polyol blend; and (3) an amine-initiated polyether polyol having an OH number of at least 500 mg KOH/g and a functionality of 2.5 to 4. The blowing agent composition includes a hydrochlorofluoroolefin and a carbon dioxide generating chemical blowing agent.