Season the beef on all sides with salt and pepper, then coat with flour.
Remove the lid from the pot. Turn dial to SEAR/SAUTÉ, set temperature to HI, and press START/STOP to begin preheating. Allow the unit to preheat for 5 minutes.
Add 1 tablespoon oil and steaks to the pot. Cook uncovered for 10 minutes, until browned on all sides.
Add remaining 1 tablespoon oil and all remaining ingredients to pot. Season with salt and pepper as desired. Stir to combine, then cover with the lid.
Turn dial to BRAISE, set temperature to HI, set time to 3 hours, and press START/STOP to begin cooking.
When cooking is complete, carefully remove the lid, remove bay leaf, and allow dish to cool slightly on the counter for 5 minutes before serving.
