Dice the onion, green bell pepper, and red bell pepper. Mince the garlic.

In a large pot, brown the ground beef over medium heat until fully cooked. Drain excess fat.

Add the diced onion, bell peppers, and minced garlic to the pot. Sauté until the vegetables are tender, about 5 minutes.

Stir in the beef broth, diced tomatoes, water, Italian seasoning, salt, and pepper. Bring to a boil.

Add the uncooked rice, reduce heat, and let simmer for 20 minutes or until rice is tender.

Taste and adjust seasoning if necessary. Serve hot.