Because you mention the rain, I suspect the plant was outdoors for the winter. It looks like it was gnawed on, so the first suspect would suspect a squirrel or other hungry rodent. You would need to give serious consideration to a fungal root infection migrating up the stem. If the tissue between what appears to be wounds is still viable, it's unlikely that particular damage is due to a fungal infection, but that doesn't mean the roots aren't currently in jeopardy.
Here's a tip (2, actually) that can help save succulents and other plants doring prolonged periods of wet weather. 1) When it rains, tip your pots steeply. A 45* angle is best. This chances the location where excess water CAN reside in the pot. Compare B to A below to see a visual - easier than explaini8ng it, but I will if you have interest. 2) Adding a drainage wick increases what is called the gravitational flow potential. See E. Easiest way to explain it isn't very scientific, but the wick "Fools" the water into behaving as though the pot is deeper than it is, which increases gravitational flow potential. the weight of the water moving down the wick pushes water off the end of the wick. This works when you allow 3-4" of the wick to hang below the pot after a thorough watering. It works best when the hole for the wick is through the pot bottom at the sidewall and the hole the wick exits through is the lowest point on/in the pot.
There are other ways of 'tricking' excess water into draining when its natural position is in a water table of saturated medium at the bottom of the pot. The shaded areas in the line drawing above represents excess water (a perched water table).
Al