The monitoring tool is NetIQ.
I have tried stopping and starting the NetIQ monitoring tools on the server and reached out to the people who control our monitoring servers and have been told there isn't anything they can do on their end.
I believe there is a message in a log that is not cleared/marked repaired after hardware replacment but the IML got cleared by a co-worker before I could check it.
The full alert I am getting is:
General Health - Degraded System. There has been a non-critical hardware failure. If there are no other events that are current check the Insight Management logs.