In a large pot or Dutch oven, add oil, chopped onions, and sliced carrots and sauté for about 3-4 minutes on medium high heat.
Once the veggies are tender, add the minced garlic and cook for an additional minute, until fragrant.
Add the cubed chicken to the skillet and sauté for about 5 minutes, until the chicken is cooked. (Season the chicken with salt and pepper, to taste.)
Pour the chicken broth, water, salt, pepper, Italian seasoning, onion powder, paprika, and bay leaves into the pot. Mix and bring the liquid to a boil.
Once the water is boiling, add the potatoes and rice to the pot and cook for 15 minutes, until potatoes and rice are cooked through.
Turn off the heat and add in the freshly chopped herbs. Season to taste and adjust seasonings to your preference.