In a bowl, combine the flour, 1 tsp salt, ½ tsp pepper and paprika. Add the chicken and toss to coat.
In a large pot (Dutch oven), heat 1 tbsp of oil over medium heat and brown chicken in batches, about 6 to 8 minutes. Transfer to a plate and set aside. Add the peppers, garlic, ½ cup broth, ½ tsp salt and ¼ tsp pepper to the pot. Cook and scrape browned bits from the bottom of the pot, 4 to 6 minutes. Add the olives, raisins and remaining 1 ½ cups broth and bring to a boil. Place the chicken in the pot and simmer, covered, for 15 minutes. Uncover and simmer until the chicken is completely cooked and the sauce is slightly thickened, 15 to 20 minutes. * Make the rice as directed 20 minutes before the stew is complete.