A milling tool includes a cutting insert coupled to a movable blade. The movable blade may change from a retracted to an expanded state to engage and cut downhole casing. A cutout initiation region of the movable blade makes contact with the downhole casing, and cutting inserts with turning portions designed to cut in a turning manner may be located in the cutout initiation region. Cutting inserts with milling portions designed to cut in a face-milling manner may be located outside the cutout initiation region. Some cutting inserts may include both turning portions and milling portions.