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Hi Brownr0127,
Thank you for posting. However, it seems that this is default alert policy “Creation of forwarding/redirect rule” which generates an alert when someone in your organization creates an inbox rule for their mailbox that forwards or redirects messages to another email account. This policy only tracks inbox rules that are created using Outlook Web App or Exchange Online PowerShell. This policy has a Low severity setting.
On the Security & Compliance Center under Alert policies page, the name of the built-in policies are in bold and the policy type is defined as System. These policies are turned on by default. You can turn these policies off (or back on again), set up a list of recipients to send email notifications to, and set a daily notification limit. The other settings for these policies can't be edited.
For detailed information, please refer to the article: Alert policies in the Office 365 Security & Compliance Center
Best regards,
Shyamal